Despite their popularity, exchange-traded funds, or ETFs, have some drawbacks that investors should know about.  ( 30 min )

Multilevel marketing (MLM) is a monetary strategy used by direct sales companies to encourage existing distributors to recruit new distributors.  ( 25 min )

Discover all the reasons ETFs typically have lower fees than mutual funds, including their passive management and the absence of load and 12b-1 fees.  ( 22 min )

U.S. equities were lower while oil prices climbed at midday on Monday, Oct. 9, 2023, amid concerns about conflict in the Middle East after fighting between Hamas and Israel broke out over the weekend.  ( 16 min )

OPEC raised its estimate for medium- and long-term demand for oil, and suggested trillions of dollars in spending would be needed to keep up with that higher demand.  ( 17 min )

Your successful career as a securities agent begins with the Series 63 exam. Read these helpful tips to remove some of the mysteries behind the exam and prepare for taking the test.  ( 29 min )

Bristol-Myers Squibb agreed to pay up to $5.8 billion for Mirati Therapeutics to boost its portfolio of cancer-fighting treatments.  ( 18 min )

The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.  ( 16 min )

Learn about how ETFs can be safe investment options, if you know which funds to choose, including the basics of both indexed and leveraged ETFs.  ( 21 min )

An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.  ( 22 min )

The United Auto Workers (UAW) union started a strike against Mack Trucks after rejecting a five-year contract with the Volvo Group-owned company, while stock futures were trading lower in the pre-market and oil prices climbed amid concerns about conflict in the Middle East. Here’s what investors need to know today.  ( 18 min )

Learn Which Countries Benefit the Most From the Global Obsession With Sweets.  ( 24 min )

The deep level of liquidity and long-term trending qualities of the eurodollar futures market present opportunities for small and large traders alike.  ( 25 min )

A point spread is given by a sportsbook that determines by how many points the favorite is expected to win the game over the underdog team.  ( 26 min )

Gambling is never a reliable source of supplementary income. Read on to find out why.  ( 25 min )

Learn about the primary characteristics of value ETFs and growth ETFs, and discover how to choose between the two when building a portfolio.  ( 20 min )

Winning the lottery can be a dream come true and a nightmare. Understand the taxes and hidden costs when claiming your prize, and prepare ahead for possible missteps.  ( 30 min )

ETFs (an acronym for exchange-traded funds) are treated like stock on exchanges; as such, they are also allowed to be sold short.  ( 19 min )

Is it ever worth playing the lottery? Discover the probability of winning and the best way to collect the funds if you happen to win.  ( 30 min )

Learn why most exchange-traded funds (ETFs) are not considered derivative securities and the special circumstances when this distinction may not apply.  ( 20 min )

Lawrence Klein was an American economist and winner of the 1980 Nobel Memorial Prize in Economics.  ( 22 min )

As the New Year approaches, it’s time to turn your thoughts to your financial goals and the investing resolutions that you need to make to achieve them.  ( 24 min )

A sportsbook is a company or entity that accepts bets.  ( 26 min )

Income-based repayment plans and forgiveness for public service employees can help you erase your student loan debt. Here's what you need to know to get started.  ( 35 min )

Exchange-traded funds (ETF) get the lion's share of investors' money but some choose exchange-traded notes (ETNs). Here are the differences between the two investment vehicles.  ( 24 min )

Jordan Belfort, the "Wolf of Wall Street," is a former stockbroker who spent 22 months in jail for securities fraud. Learn more about Belfort's career and crimes.  ( 25 min )

Learn the important distinction between pre-money and post-money valuation and how it affects ownership percentages.  ( 24 min )

There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.  ( 28 min )

Paying off education debt is a financial headache. Learn how to repay your student loans to get out of debt faster and save on interest charges.  ( 30 min )

Defaults on student loans happen all the time, and they can have big consequences on a borrower's financial future. Learn what happens when you default on student loans.  ( 25 min )

Commodity ETFs enable investors to gain exposure to individual commodities or baskets of commodities in a relatively low-risk and cost-effective way.  ( 28 min )

Legendary investor Warren Buffett has achieved astounding returns throughout his career. From 1964 to 2022, his company Berkshire Hathaway Inc. (NYSE:BRK) delivered an overall gain of 3,787,464%, dwarfing the S&P 500's 24,708% return during the same period. Other than picking stocks that skyrocketed in value, Buffett also collects dividends — a lot of dividends. Buffett famously said, "If you don't find a way to make money while you sleep, you will work until you die." Don't Miss: Investing in r  ( 33 min )

In the latest survey from Fannie Mae measuring housing sentiment, 84% of respondents in September said now is a bad time to purchase a house.  ( 33 min )

Stocks have headed higher despite the conflict in the Middle East as Federal Reserve members make dovish rumblings. The Dow Jones Industrial Average has gained 203 points, or 0.6%, while the S&P 500 rose 0.7%, and the tech-heavy Nasdaq Composite jumped 0.5%. All three indexes were trading lower ear  ( 12 min )

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Top U.S. oil producer Exxon Mobil's planned acquisition of the No. 1 Permian shale producer Pioneer Natural Resources could further restrain output growth in the largest U.S. oilfield, squeezing pipeline companies and suppliers, executives and energy advisors said. Exxon, the fifth largest producer in the Permian, has set an up to 1 million-bpd target for its operations there for 2025 and more recently pushed it back to 2027. Buying Pioneer would boost its output to about 1.33 million barrels of oil and gas equivalent per day, well above its goal.  ( 33 min )

The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.  ( 47 min )

The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.  ( 42 min )

While Warren Buffett is often cited for his memorable quotes on investing, his long-time business partner and billionaire Charlie Munger has his own share of wisdom to offer. Munger once stated, "The big money is not in the buying and the selling but in the waiting." This sentiment, though perhaps not as widely cited as some of Buffett's lines, holds tremendous weight in the investment world for several reasons. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth  ( 32 min )

In the vast ecosystem of investment and finance, few voices resonate with the clarity and depth of Charlie Munger, Warren Buffett's respected partner at Berkshire Hathaway Inc. One topic he has been vocal about is the pervasive influence of denial in decision-making processes, especially in investment management. "If I had to name one factor that dominates human bad decisions, it would be what I call denial," Munger said. "If the truth is unpleasant enough, people kind of — their mind plays tric  ( 34 min )

(Bloomberg) -- The surprise attack on Israel by Hamas weighed on shares of global companies with local connections, including chipmakers and software providers, as investors fretted that the conflict could escalate.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilityAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage We  ( 34 min )

When interest rates were low, it was difficult for bond investors to earn a decent yield. Just ask DoubleLine Capital Founder Jeffrey Gundlach. Speaking at a recent investment conference in New York, Gundlach recalled what the bond market was like in 2016. He said if you wanted to earn a 5% annual yield on a bond portfolio in those days, you had to buy a junk bond index, use leverage to boost returns and pray that issuers wouldn't default. Things have changed dramatically since then. Don't Miss:  ( 32 min )

The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.  ( 38 min )

Wedbush analyst Dan Ives cut his Rivian stock price target to $25 from $32. He maintained his Buy rating on shares.  ( 18 min )

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.  ( 34 min )

A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.  ( 33 min )

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Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.  ( 16 min )

There’s no one investing style guaranteed to generate big returns but for those looking to make headway in the markets, it’s worth checking out the systems used by the best in the business – the ones whose investing endeavors have pocketed billions in the process. For example, Steve Cohen, the founder of point72 Asset Management, has favored a high-risk, high-reward style, an aggressive mode of investment that has obviously worked wonders, given he has a net worth of $19.8 billion. On the other  ( 35 min )

The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest-rate and inflation concerns already facing markets.  ( 35 min )

The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.  ( 18 min )

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Tesla delivered some 74,000 units from its plant in Shanghai, down from about 83,000 a year ago. Investors are willing to wait to see fourth-quarter numbers.  ( 18 min )

Here's how much of the prize you would take home after taxes and five ways to invest your windfall.  ( 32 min )

(Bloomberg) -- For years, Brian Moynihan told investors his bank would be a big winner when interest rates eventually, finally, one day went up. Bank of America Corp. had built a massive deposit base that would allow profits to soar when the Federal Reserve changed course.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Army Reserves Called Up, Chevron Shuts Gas FieldOil Surges as Israel Conflict Reignites Middle East VolatilitySchumer Confronts X  ( 35 min )

Analysts at Citi see Nvidia continuing to maintain a 90% or so market share in the artificial intelligence GPU chip market over the next two to three years.  ( 16 min )

The bond market is closed for Columbus Day, a federal holiday, but futures tracking the 10-year Treasury note yield are down from last week. The yield was 4.74% on Monday, according to FactSet, slipping from last week’s levels. At one point last week, the yield hit 4.887%, the highest since August  ( 11 min )

The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.  ( 22 min )

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Hamas militants launched an assault on Israel on Saturday. Israel declared war on Hamas and launched retaliatory strikes.  ( 19 min )

Evergrande’s 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the sector, its bond investors said.  ( 29 min )

Many job applicants feel pressure to lie on their résumé to get their foot in the door.  ( 32 min )

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Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.  ( 34 min )

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The prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest-rate and inflation concerns already facing markets.  ( 34 min )

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Maybe it's time to dabble in tech stocks following a steep rates-driven sell-off.  ( 34 min )

Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.  ( 42 min )

Walt Disney stock has suffered this year. Enter activist investor Nelson Peltz, whose Trian Fund Management has increased its stake in the company to more than $2.5 billion.  ( 16 min )

The acquisition will help boost revenue by offsetting upcoming competition from generics for Bristol Myers Squibb’s best-selling products.  ( 16 min )

(Bloomberg) -- When India decided to make a concerted push to green the world’s biggest two-wheeler market, a slew of electric scooter startups emerged almost overnight. Now, many are falling out of favor for sourcing parts from China instead of locally.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionIsrael Latest: Conflict Enters Third Day With Over 1,100 DeadAs Israel-Hamas War Rages, Oil Traders Focus on IranIsraelis Taken Hostage Were Ripped From Everyday A  ( 32 min )

Exxon and Chevron shares rise after a surge in oil prices following the weekend attack on Israel from Hamas, Mirati Therapeutics stock falls after Bristol Myers agrees to buy the oncology developer in a deal valued at up to $5.8 billion, and a report says activist investor Nelson Peltz is seeking multiple board seats at Disney.  ( 20 min )

Iranian oil production could fall following the attack on Israel, Goldman Sachs said, with its pricing framework suggesting any 100,000 barrel a day decline in 2024 production relative to the baseline would mechanically raise the end-2024 Brent price by just over $1 a barrel.  ( 26 min )

Crude oil prices surged while stocks were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies. “Disruptions or escalations in the region can have far-reaching implications for energy markets, global supply chains, and geopolitical dynamics,” Stephen Innes of SPI Asset Management said in a commentary.  ( 34 min )

Global hedge fund managers were selling U.S. stocks sensitive to commodities at an accelerated pace in the week ending October 6, according to a Goldman Sachs note to clients, just before the price of oil jumped more than $3 a barrel on Monday. The surge in oil prices followed the largest military assault on Israel in decades, with hundreds dead and several abducted. The jump in the price of crude on Monday reversed last week's downtrend - the largest weekly decline since March - in which Brent fell about 11% and WTI retreated more than 8% amid concern about high interest rates and their impact on global demand.  ( 32 min )

Schaeffler has offered €91 a share in cash for Vitesco Technologies, the first of three steps toward a combination of the two companies.  ( 26 min )

Hamas' assault on Israel drove oil prices higher on Monday as markets priced in fears of a wider conflict in the Middle East, a day after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history. Fighters from Islamist group Hamas killed 700 Israelis and abducted dozens more as they attacked Israeli towns on Saturday, the deadliest incursion into Israeli territory since Egypt and Syria's attacks in the Yom Kippur war 50 years ago. - Oil prices were up $3 a barrel Monday, with Brent crude trading at $87.50 a barrel - up over 3% on the day.  ( 33 min )

The yield curve is experiencing a bear steepening, signaling pain for the economy and stock market ahead.  ( 21 min )

(Bloomberg) -- A worsening economic backdrop leaves a dark cloud hanging over European companies preparing to report this earnings season.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranIsrael Latest: Over 1,100 Dead as Oil Jumps on Fear of Wider WarOil Surges as Hamas’ Attack on Israel Fans Middle East TensionsHamas Attack Thrusts Palestinians Back Into Center of MideastUpdates this week from luxury purveyor  ( 33 min )

Share prices were mixed on Monday after the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip. U.S. futures were lower and oil prices gained more than $3 a barrel. Conflict in the Middle East often raises the specter of higher oil prices given the risk of disruptions to supplies.  ( 34 min )

Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk's Wegovy. Interviews with a dozen company executives, analysts and investors showed pharmaceutical services companies jostling to secure more of the specialist work of filling the syringes used in the pens, a process known as fill-finish. "Every contract manufacturer that has sterile fill-finish capacity wants to add more, to get ahead, because it's not just about Wegovy anymore," said Tejas Savant, senior healthcare equity analyst at Morgan Stanley.  ( 34 min )

The tech industry will be key in pushing the S&P 500 the next 5,000 points higher—and to make stocks worth owning over safer assets, DataTrek Research says.  ( 21 min )

(Bloomberg) -- Gold rose on increased haven demand after tensions in the Middle East ramped up in the wake of the Hamas attack on Israel. Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe precious metal gained as much as 1.2% in early As  ( 32 min )

Columbus Day, which falls on Oct. 9 this year and is observed annually on the second Monday of October, comes after a rocky week for the stock market.  ( 21 min )

The South Asian nation’s market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.  ( 27 min )

High short-term interest rates are exacerbating a natural desire to hunker down but there are better options  ( 10 min )

Gold prices climbed more than 1% on Monday as dramatic clashes between Israeli and Hamas forces over the weekend raised the risk of a wider Middle East conflict and spurred a rush to safe haven investments like bullion. Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas rampaged through Israeli towns on Saturday. Spot gold jumped 1% to $1,849.51 per ounce by 0317 GMT, having hit its highest level in a week.  ( 32 min )

The U.S Department of Justice wants the judge overseeing its case against Sam Bankman-Fried to block the defense team from introducing any evidence that his stake in artificial intelligence company Anthropic will benefit FTX creditors after the company's recent fundraise.  ( 31 min )

(Bloomberg) -- Chinese stocks fell as traders returned from the Golden Week holidays, with tourism data trailing some expectations and global uncertainties denting sentiment.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Thrusts Palestinians Back Into Center of MideastIsraelis Taken Hostage Were Ripped From Everyday ActivitiesHamas Attack Prompts Blame Around Israeli IntelligenceThe CSI 300 Index  ( 31 min )

David Scott’s arrest comes as the company is in talks to buy Permian Basin leader Pioneer  ( 6 min )

(Bloomberg) -- US stocks reeling from the impact of high bond yields are facing a new threat from an expected slew of profit warnings, triggered by fading US consumer spending trends.Most Read from BloombergIsrael Latest: Over 1,100 Dead; US Sends Warships to RegionAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsraelis Taken Hostage Were Ripped From Everyday ActivitiesIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasConcer  ( 34 min )

De gasprijs is in Europa verder gestegen, doordat het Amerikaanse energieconcern Chevron de opdracht kreeg om de productie bij een gasveld in Israël te staken. De Israëlische regering gaf deze order vanwege de onrust in de regio.  ( 8 min )

De Europese Commissie laat maandag weten dat de ontwikkelingshulp aan de Palestijnen onder de loep wordt genomen. Alle betalingen zijn onmiddellijk stopgezet.  ( 8 min )

Bol.com verandert van naam. De webshop gaat vanaf nu verder als bol, omdat het naar eigen zeggen niet langer duidelijk hoeft te maken dat het een online winkel is.  ( 8 min )

Het Israëlische ministerie van Energie heeft opdracht gegeven om de productie in het Tamar-gasveld te staken vanwege onrust in de regio. Het gaat om een gasveld op zo'n 25 kilometer van de Middellandse Zeekust, binnen raketbereik van de Gazastrook.  ( 9 min )

De Amerikaanse Harvard-econoom en historicus Claudia Goldin heeft de Nobelprijs voor de Economie gewonnen. Goldin verklaarde de loonkloof tussen vrouwen en mannen aan de hand van twee eeuwen geschiedenis. Ze is de derde vrouw ooit die deze Nobelprijs wint.  ( 10 min )

Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.  ( 10 min )

Het Nederlandse landschap telt steeds meer grote distributiecentra die bovendien almaar groter worden, blijkt uit onderzoek van Planbureau voor de Leefomgeving. Dat is "het logische gevolg van beleid", terwijl de effecten op de omgeving niet altijd even prettig zijn.  ( 10 min )

De Israëlische centrale bank gaat voor 30 miljard dollar (28,5 miljard euro) aan buitenlandse valuta verkopen. Daarmee wil ze de waarde van de eigen munt, de sjekel, op peil houden.  ( 8 min )

Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.  ( 9 min )

Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.  ( 10 min )

Jeneverstokerij Nolet uit Schiedam heeft een overnamebod van bijna 270 miljoen euro gedaan op drankenconcern Lucas Bols. Volgens de bedrijven moet daardoor een "Nederlandse kampioen" ontstaan op de internationale drank- en cocktailmarkt.  ( 9 min )

Oud-verkeersminister Tjerk Westerterp is zondag op 92-jarige leeftijd overleden in zijn woonplaats Ulvenhout. De voormalige CDA'er was ook de bedenker van de AEX-index.  ( 8 min )

Het is een van de grootste uitdagingen in onze economie: het vinden van geschikt personeel. Toch heeft geen enkele partij een oplossing voor de krapte op de arbeidsmarkt in zijn verkiezingsprogramma staan.  ( 10 min )

Kinderen krijgen hun zakgeld op steeds jongere leeftijd digitaal. Minder dan de helft van alle acht- en negenjarigen krijgt zakgeld nog contant. Digitaal bankieren is vaak gemakkelijker, maar brengt ook risico's met zich mee, waarschuwt budgetvoorlichter Nibud.  ( 10 min )

Minder dan de helft (48 procent) van de vakantiegangers zegt bij het boeken van een reis rekening te houden met het milieu. Dat was vorig jaar nog 52 procent. Ook zijn minder mensen bereid extra te betalen voor duurzame vakanties.  ( 9 min )

Het is een van de grootste uitdagingen in onze economie: het vinden van geschikt personeel. Toch heeft geen enkele partij een oplossing voor de krapte op de arbeidsmarkt in zijn verkiezingsprogramma staan.  ( 10 min )

U.S. equities were lower while oil prices climbed at midday on Monday, Oct. 9, 2023, amid concerns about conflict in the Middle East after fighting between Hamas and Israel broke out over the weekend.  ( 1 min )

The United Auto Workers (UAW) union started a strike against Mack Trucks after rejecting a five-year contract with the Volvo Group-owned company, while stock futures were trading lower in the pre-market and oil prices climbed amid concerns about conflict in the Middle East. Here’s what investors need to know today.  ( 1 min )

Bristol-Myers Squibb agreed to pay up to $5.8 billion for Mirati Therapeutics to boost its portfolio of cancer-fighting treatments.  ( 1 min )

The United Auto Workers union started a strike against Mack Trucks after rejecting a tentative deal with the company owned by Volvo Group.  ( 1 min )

The surprise attack on Israel by Hamas could bring a spike in oil and gas prices, especially if the conflict escalates, analysts say.  ( 34 min )

“The Federal Reserve will hold its penultimate FOMC meeting on October 31-November 1, and the odds that they’ll institute another interest rate hike have just jumped. The September jobs report came in, showing employment levels far above the forecast – 336,000 new jobs in the month, compared to the 170,000 expected – and that means increased inflationary pressures. Analysts now put the odds of a quarter-percent rate hike at 29%. The messages here are mixed. The jobs numbers look good – but incre  ( 35 min )

U.S. stock futures slipped in Asia on Monday as the military conflict in the Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. A holiday in Japan made for thin conditions but the early bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser. "The risk is higher oil prices, a slump in equities, and a surge in volatility that supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note.  ( 33 min )

The price of oil jumped more than 3% in Sunday evening trading after conflict erupted in the Middle East this weekend.  ( 15 min )

(Bloomberg) -- Asian stocks look set to gain following a rebound on Wall Street Friday, while the dollar climbed as currency traders reacted to a shock attack by Hamas within Israel that left hundreds dead.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped Fro  ( 33 min )

The deal expands the pharmaceutical company’s portfolio of cancer drugs.  ( 26 min )

(Bloomberg) -- One of the oil market’s most controversial data points of recent years — a measure of how much gasoline Americans consume — is pointing to a crash in demand that’s alarming traders the world over.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Rippe  ( 34 min )

Bristol-Myers Squibb is set to acquire cancer drugmaker Mirati Therapeutics for $58 per share in cash, representing $4.8 billion equity value. Bristol-Myers Squibb will finance the transaction with a combination of cash and debt. The transaction is expected to be dilutive to Bristol-Myers Squibb's non-GAAP earnings per share by approximately 35 cents per share in the first 12 months after the transaction closes.  ( 31 min )

“Iran remains a very big wild card,” said Helima Croft, chief commodities strategist at RBC Capital Markets.  ( 32 min )

The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary trends as well as deal a blow to economic confidence at a time when they had expressed growing hope about containing the price surge sparked by the pandemic and Russia's 2022 invasion of Ukraine. The stunning violence in Israel, with hundreds killed as fighters from the Hamas movement invaded from their Gaza enclave and Israel responded in force, added the possibility of a broader Middle East conflict to the sense of global instability sparked by Russian military actions almost 20 months ago. "It’s too early to say" what the implications may be, though oil and equity markets may see immediate fallout, Agustin Carstens, general manager of the Bank for International Settlements, said in a presentation to the National Association for Business Economics.  ( 33 min )

(Bloomberg) -- The dollar climbed against its major peers in early trading on Monday as currency traders got their first chance to react to a shock attack by Hamas within Israel.Most Read from BloombergIsrael Latest: Israel Death Toll Rises to 700; US Sends CarrierAs Israel-Hamas War Rages, Oil Traders Focus on IranHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasIsraelis Taken Hostage Were Ripped From Everyday ActivitiesThe gre  ( 33 min )

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Bitcoin is touted as a private, decentralized digital currency. But what gives the leading cryptocurrency value?  ( 24 min )

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The week brings earnings reports from big banks, as well as from UnitedHealth, Delta, Domino's, and more. Economic releases include the Fed minutes, the consumer price index, and the producer price index.  ( 19 min )

Over the past decade, a handful of intermediaries have increased their presence in the US's vast health-care industry.  ( 37 min )

72% of US CEOs rank artificial intelligence as a top investment priority for their company.  ( 33 min )

Investors are braced for a jump in oil prices after Israel declared war on Hamas, sparking fears of a “spiralling” crisis across the Middle East.  ( 34 min )

Europe’s money-printing spree risks triggering bailouts across the Continent as governments pay the price of a decade of cheap money.  ( 32 min )

Renewable stocks are plummeting as investors bet going green will take longer and cost more in a "higher-for-longer" interest rate environment.  ( 34 min )

A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.  ( 33 min )

Instead, the housing market is similar to 1980.  ( 35 min )

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Entering the field of financial advising can be lucrative, but earnings vary widely depending on factors like education, certification, firm, location and clientele. Experience is one of the most important drivers of financial advisor compensation, with veteran advisors typically able to bring home several times the earnings of newcomers to the field. Understanding the salary […] The post Starting Salaries for New Financial Advisors in the U.S. appeared first on SmartReads by SmartAsset.  ( 33 min )

Money passed down to the next generation comes with feelings of gratefulness, loss and responsibility. In addition, receiving an inheritance worth hundreds of thousands of dollars can be jarring. It offers an extraordinary opportunity to secure your financial future, but doing so requires knowledge and discipline. From assessing your current financial standing to deploying savvy […] The post How to Build Wealth With an Inheritance appeared first on SmartReads by SmartAsset.  ( 35 min )

A family limited partnership (FLP) is a complex structure that serves a strategic purpose for individuals desiring to manage and protect family assets, limit liability and potentially secure tax benefits. This article targets families interested in estate planning, providing a comprehensive understanding of how FLPs function, their advantages and disadvantages, as well as tips on […] The post What Is a Family Limited Partnership? appeared first on SmartReads by SmartAsset.  ( 34 min )

Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.  ( 18 min )

After a robust September jobs report the latest read on inflation awaits in the week ahead as inflations decipher whether the economy is headed for a soft landing.  ( 36 min )

Most of 2023 has been defined by the big tech stocks driving bullish sentiment and overcoming 2022’s bear market. That said, since about halfway through the summer, the bull market has been on pause with the prospect of interest rates remaining high for longer than expected, among other macro factors, putting a dampener on proceedings. Still, going by the past week’s performance, there are signs the bulls’ charge is about to resume in earnest. In fact, with Q3 earnings season about to commence,  ( 36 min )

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Some of the nation's biggest bank CEOs are navigating through one of the most challenging periods since the aftermath of the 2008 financial crisis.  ( 36 min )

Younger investors have brushed off the market losses of 2022. Many older investors have not  ( 35 min )

With interest rates at multiyear highs, hedge funds and private-equity firms are pushing banks aside and financing one jumbo loan for American corporations after another.  ( 24 min )

(Bloomberg) -- It was supposed to be one of the greatest stock-market comebacks of all time. But after a summer slump, there’s a nagging fear it might just keep slipping away. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopolitic  ( 34 min )

(Bloomberg) -- The new higher-for-longer stage of global monetary policy may last only until the early months of 2024 as central banks begin moving toward cutting borrowing costs. Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceIsrael Latest: Evacuations Ordered for Communities Near GazaBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional Geopol  ( 51 min )

Shares of the chip maker were big holdings of the large-cap growth funds that led gainers over the past 12 months.  ( 28 min )

US Senate is eyeing a bill that would allow banks to do business with cannabis companies – now, if only they would vote on it  ( 33 min )

Tyson Foods and other meat processors are closing plants amid high costs and falling demand, spelling economic turbulence for the communities where the plants are major employers.  ( 27 min )

Edgar Wachenheim III’s Greenhaven Associates sold Bank of America stock to allocate more money into Citigroup, whose “quality is much better than its reputation.”  ( 22 min )

A share sale plan between China Evergrande New Energy Vehicle Group, the electric-vehicle arm of embattled property developer China Evergrande and U.S.-listed NWTN has been halted, according to a Hong Kong bourse stock filing on Sunday. The suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said. Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed.  ( 32 min )

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When green levies began being added on to household power bills at the start of the millennium, the power industry cheered the policy as a leg-up for clean energy projects such as wind and solar.  ( 34 min )

U.S. automaker Tesla sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year earlier, showed data from the China Passenger Car Association (CPCA) on Sunday. Sales of China-made Model 3 and Model Y cars were down 12.0% from a month earlier. Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, saw passenger vehicle deliveries grow 42.8% to 286,903 last month, from 200,973 in September last year.  ( 31 min )

(Bloomberg) -- As oil traders prepare for the market to open after the sudden eruption of war in Israel, one question is key: will the conflict spread to the rest of the region?Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Middle EastC  ( 34 min )

Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure.  ( 26 min )

Because a majority of companies historically beat expectations, some investors think the third quarter could see the first earnings growth in a year.  ( 26 min )

Super Micro Computer Inc. (SMCI) shares are booming, up 253% in 2023. Mega demand for the stock is powering the surge.  ( 32 min )

Synopsys Inc. (SNPS) shares are booming, up 48% in 2023. Mega demand for the stock is powering the surge.  ( 32 min )

(Bloomberg) -- It’s been less than a year since one euro was worth a dollar, and talk of the common currency falling back to that level is once again creeping into the market’s discourse.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Mi  ( 34 min )

Among the buyers still in the market are those relocating from more expensive places or taking advantage of less competition.  ( 22 min )

Even almost four decades later, it remains an event scarred into the memory of the financial markets. After a violent storm had ripped across the country, knocking down trees and shuttering roads, trading systems that still relied on brokers shouting at each other across open floors had closed early for the weekend as the damage was cleared up.  ( 40 min )

Investors long shrugged off U.S. deficits, but a torrent of Treasurys is testing the bond market.  ( 27 min )

The set-it-and-forget-it approach can lead consumers to paying more in interest charges.  ( 26 min )

(Bloomberg) -- Chinese markets are set to reopen after the Golden Week holidays against an uncertain global market backdrop, which may temper optimism from the spending boom at home.Most Read from BloombergIsrael Latest: Scores of Civilians, Soldiers Kidnapped by HamasHamas Attack Prompts Blame Around Israeli IntelligenceBiden Says Israel Under Terrorist Attack, Pledges US SupportShock Incursion on Weakened Israel Imperils Regional GeopoliticsHamas Just Torched Biden’s Deal to Remake the Middle  ( 33 min )

The process for filing for student loan bankruptcy is more complex than the process for discharging other types of debt. Learn how to file and what debt qualifies.  ( 31 min )

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was a $2 trillion package of emergency assistance approved in 2020 in response to COVID-19.  ( 36 min )

Single-stock ETFs are a new exchange-traded product that allows for leveraged or inverse trading of single stocks.  ( 25 min )

Bitcoin is touted as a private, decentralized digital currency. But what gives the leading cryptocurrency value?  ( 24 min )

The Halloween Massacre refers to Canada’s 2006 decision to tax all income trusts domiciled in Canada.  ( 23 min )

Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts.  ( 25 min )

Kansas City Chiefs tight end, Travis Kelce, has been even more popular lately thanks to his rumored relationship with pop superstar Taylor Swift. The NFL star has a net worth of $30 million and makes millions off the field with savvy business ventures and partnerships.  ( 19 min )

Only top earners may be financially on track for retirement, according to Vanguard, which found investing played a key role in their ability to grow wealth.  ( 17 min )

Refinancing can lower your student loan payments. But does it make sense for your financial situation?  ( 25 min )

Trading through a separate business structure allows active traders access to all of the tax mitigation and asset protection strategies available.  ( 27 min )

Trading volume is the number of shares of a security traded over a given period of time. Investors use this technical indicator to analyze trends and make decisions.  ( 23 min )

Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.  ( 25 min )

President Joe Biden suggested a plan to cancel between $10,000 and $20,000 of student debt for eligible borrowers. Here's how that would have impacted people in the U.S.  ( 26 min )

A gift of equity is the sale of a home below the current market value. The buyer is usually someone with whom the seller has a familial relationship.  ( 28 min )

Een uitstootvrije staalfabriek is nergens ter wereld mogelijk, zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.  ( 10 min )

Een uitstootvrije staalfabriek is nergens ter wereld mogelijk. Dat zei topman T.V. Narendran van het Indiase Tata Steel zondag in het tv-programma Buitenhof. Hij heeft grote twijfels of Tata bij IJmuiden in 2030 zonder kolen kan werken, zoals D66 wil.  ( 9 min )

Roddelen over klasgenoten en elkaar uitdagen om extreme dingen te doen. Op socialemediaplatforms als TikTok en Snapchat gebeurt het regelmatig. Grenzen opzoeken hoort ook gewoon bij volwassen worden, zeggen experts. Of dat nou offline gebeurt of op apps.  ( 9 min )

De beurs van Tel Aviv is zondagochtend hard gedaald na de aanval van Hamas op Israël van een dag eerder. De belangrijkste index is 7,5 procent van zijn waarde verloren, de sterkste neergang in zeker drie jaar tijd.  ( 8 min )

Banken verdienen steeds meer aan het uitlenen van het geld dat op onze spaarrekeningen staat. Terwijl de rente op ons spaargeld maar mager is. Meer spaarrente ontvangen? Daarvoor moet je over enkele drempels en mogelijk landsgrenzen heen.  ( 11 min )

Op veel websites kun je contact opnemen met de website-eigenaar via een contactformulier. Handig, maar volgens experts word je regelmatig verplicht om meer gegevens in te vullen dan echt noodzakelijk is. Bij een datalek vergroot dat de schade.  ( 9 min )

Learn about Elizabeth Warren's 50/20/30 budget rule; a simple and effective plan for personal money management and wealth creation.  ( 26 min )

The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.  ( 28 min )

CEOs said geopolitics and political uncertainty could pose the greatest threat to business growth in the next three years, according to a KPMG survey.  ( 17 min )

Companies usually have a choice between debt financing or equity financing, with advantages and disadvantages to each.  ( 25 min )

Here are the pros and cons of temporarily suspending your student loan payments.  ( 27 min )

After a rough September for U.S. equities, some investors might be apprehensive about whether the October Effect could negatively impact their portfolios, but historical market data doesn’t support the idea of an October Effect.  ( 17 min )

While not every borrower will qualify for any student loan forgiveness, there's typically no harm in applying, and it could benefit your overall financial health.  ( 29 min )

The Federal Reserve's open market operations—the purchase or sale of government bonds and other securities—can push interest rates and the money supply lower or higher.  ( 26 min )

According to the Ricardo-Barro effect, also known as Ricardian equivalence, increased debt-financed government spending leaves demand unchanged.  ( 22 min )

Selling your small business is often a complex venture. These seven considerations can help you build a solid plan for profit and lead to success.  ( 28 min )

True cost economics is an economic model that seeks to include the cost of negative externalities into the pricing of goods and services.  ( 21 min )

Paying student loan interest during school will help you start your adult life with less debt. But it's not always the best decision.  ( 28 min )

The term “auto sales” refers to the number of cars sold in the United States. Occasionally, the term will also be used to refer to the sale of light trucks.  ( 23 min )

Accountability is the acceptance of responsibility towards other parties. Read about corporate, government, and political accountability.  ( 28 min )

Learn about reinvesting ETF dividends, including the benefits and drawbacks of dividend reinvestment plans (DRIPs) and manual reinvestment.  ( 23 min )

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Market veterans said Treasury yields could soar to 5.5%, and ongoing political drama paired with Fed policy could culminate in a 2024 recession.  ( 33 min )

(Bloomberg) -- Underlying US inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer.Most Read from BloombergIsrael Latest: Army Says Situation Not Yet Under ControlHamas Attack Prompts Blame Around Israeli IntelligenceShock Incursion on Weakened Israel Imperils Regional GeopoliticsBiden Says Israel Under Terrorist Attack, Pledges US SupportHamas Just Torched Biden’s Deal to Remake the Middle EastThe co  ( 35 min )

(Bloomberg) -- Bond investors are coalescing around a segment of the Treasuries market that offers a measure of protection from this year’s brutal rout and also positions them for the recession that some still anticipate.Most Read from BloombergIsrael Latest: Israeli Deaths Rise to 200 as Warplanes Bomb GazaSurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch  ( 34 min )

Weight-loss treatments aren’t the only big deal in medicine. Barron’s 2023 healthcare roundtable explores the best investing opportunities. Where our panelists see bargains now.  ( 105 min )

Job growth in America is going gangbusters with over 336,000 positions added in September and a new salary guide highlights the in-demand roles and salaries.  ( 31 min )

(Bloomberg) -- Friday’s sizzling jobs report is bolstering the probability of another Federal Reserve rate increase this year, adding to pain in credit markets that are already getting hurt by a year-long jump in yields. Most Read from BloombergIsrael Latest: Biden Says US Support Amid Crisis Is ‘Unwavering’Surprise Attack on Weakened Israel Imperils Regional GeopoliticsThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XHamas Just Torch  ( 35 min )

The auto battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore has chosen Poland as the site for its first factory, PowerCo said on Saturday. Through the $2.9 billion joint venture, dubbed Ionway, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles.  ( 32 min )

The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.  ( 28 min )

After a rough September for U.S. equities, some investors might be apprehensive about whether the October Effect could negatively impact their portfolios, but historical market data doesn’t support the idea of an October Effect.  ( 18 min )

Here are some of the experts' greatest tips for a smooth retirement.  ( 34 min )

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said she’s sticking with her call that interest rates will likely need to increase further to return inflation to the Fed’s 2% goal quickly.Most Read from BloombergIsrael Latest: Netanyahu, Biden Speak With Nation on War FootingThe 5% Bond Market Means Pain Is Heading Everyone’s WaySurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollyw  ( 31 min )

The IRS may bring criminal charges against ERC companies that allegedly were persuading small business owners to fraudulently claim the credit.  ( 35 min )

(Bloomberg) -- Exxon Mobil Corp. boss Darren Woods is poised to emulate his two predecessors with a career-defining mega deal that — for better or worse — would likely transform the oil giant.Most Read from BloombergIsrael Latest: Netanyahu, Biden Speak With Nation on War FootingThe 5% Bond Market Means Pain Is Heading Everyone’s WaySurprise Attack on Weakened Israel Imperils Regional GeopoliticsThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood,  ( 35 min )

Investing in stocks refers to the practice of purchasing shares of a company with the anticipation that these ownership stakes will appreciate in value over time. However, like any investment, it carries inherent risks and uncertainties. In the face of an ever-changing financial landscape influenced by factors like economic policies, technological advancements and global events, […] The post Pros and Cons of Investing in Stocks appeared first on SmartReads by SmartAsset.  ( 35 min )

Investing in real estate is an attractive venture for both seasoned and novice investors due to its stability and the potential for substantial returns. However, the traditional approach of purchasing property isn’t the only way to add real estate exposure to your portfolio. Real estate crowdfunding and real estate investment trusts (REITs) are two popular […] The post Real Estate Crowdfunding vs. Real Estate Investment Trusts (REITs) appeared first on SmartReads by SmartAsset.  ( 34 min )

Life insurance policy dividends are returns on premiums that a policyholder receives from the insurance company when it has surplus earnings. As a general rule, life insurance policy dividends are not taxable as these are considered as return of premium. This means that policyholders can receive dividends without worrying about an added tax burden. However, […] The post How Is Life Insurance Policyholder Dividend Income Taxed? appeared first on SmartReads by SmartAsset.  ( 33 min )

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Restricted stock units (RSUs) are a form of equity compensation that companies often grant to employees as part of their overall compensation packages. The taxation of RSUs in the United States is subject to specific rules, and the timing and amount of taxes owed can vary based on several factors. Here’s what you need to […] The post How Are Restricted Stock Units (RSUs) Taxed? appeared first on SmartReads by SmartAsset.  ( 34 min )

Real estate investment trusts (REITs) are a popular choice for investors looking to add real estate exposure to their portfolios without the hassle of owning physical properties. These entities pool money from investors to buy and manage real estate, and return a portion of the profits to those shareholders. However, it's important to distinguish private […] The post Investing in Private REITs vs. Public REITs appeared first on SmartReads by SmartAsset.  ( 36 min )

The Ann Arbor, Mich.-based autonomous ridesharing transit company, operates self-driving shuttles in several locations.  ( 34 min )

(Bloomberg) -- When Sterling Infrastructure Inc. Chief Executive Officer Joe Cutillo first started telling Wall Street that factories would return to the US, everybody thought he was crazy. Most Read from BloombergIsrael Latest: PM Says Nation Is at War After Deadly IncursionThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XBlackstone’s Billion-Dollar Bet on Hollywood, Reese Witherspoon Falls ShortFake Mansions and Rent-Stabilized Unit  ( 33 min )

Contract talks are scheduled to begin again Thursday.  ( 17 min )

The restart in loan payments this month could make it harder for borrowers to distinguish between a legitimate company and scammers.  ( 33 min )

How to reset your finances after a spend-y summer.  ( 35 min )

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Help may be on the way for Americans who have been draining their retirement funds to pay bills.  ( 34 min )

Britain’s pork pie supply could be hit by a slowdown after a leading UK food manufacturer warned it could scale back production.  ( 31 min )

The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise global bond rally, which will further squeeze already tight household budgets. In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds rally.  ( 33 min )

The ILWU recently ratified a labor agreement with West Coast shipping companies. But a lawsuit at the Port of Portland has the union filing for bankruptcy.  ( 32 min )

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Billions went to personal loans, luxury real estate and donations.  ( 26 min )

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A tie-up between Exxon and Pioneer would put pressure on Chevron and other rivals to pursue deals of their own.  ( 29 min )

Companies seeking alternatives to China are finding the country’s vast interior still holds big advantages.  ( 27 min )

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"We see highest risk to alcohol, snacking relative to meals, and non-alcoholic beverages," Bank of America said about the impact of GLP-1 drugs.  ( 33 min )

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Some employees plan to walk out for just one day, while others expect to close their pharmacies for all three days, the report added. According to the report, the walkout is in response to what pharmacy employees call burdensome prescription and vaccination expectations levied on pharmacists.  ( 32 min )

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One retiree told CBS News he fell for an online scam that cost him almost $800,000. And then the IRS said he owed $200,000 because the money was taken from a retirement account.  ( 33 min )

After a rough September for U.S. equities, some investors might be apprehensive about whether the October Effect could negatively impact their portfolios, but historical market data doesn’t support the idea of an October Effect.  ( 1 min )

The UAW decided not to expand its strike against the Big Three automakers on Friday as it did in previous weeks, reporting progress in negotiations.  ( 1 min )

We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.  ( 1 min )

The S&P 500 gained 1.2% on Friday, Oct. 6, 2023, after the Labor Department reported hiring jumped but wage gains slowed, raising optimism that the Fed might not keep raising interest rates to fight inflation.  ( 1 min )

U.S. stock futures were higher in premarket trading Friday ahead of highly anticipated jobs data that will be one of the last pieces of labor market data the Federal Reserve gets before its meeting at the end of the month.  ( 1 min )

U.S. equities were higher at midday on Friday, Oct. 6, 2023 after the Labor Department reported employers added more jobs than expected in September, but wage growth slowed.  ( 1 min )

Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.  ( 10 min )

Het stroomnet zit op verschillende plekken in Nederland vol. Daardoor kunnen huishoudens met zonnepanelen niet altijd hun overtollig opgewekte stroom terugleveren. Met een thuisaccu kun je die stroom opslaan voor later gebruik, maar veel woningen zijn ongeschikt om veilig van een thuisbatterij te voorzien.  ( 10 min )

Het OM gaat een 46-jarige vrouw vervolgen voor grafschennis. De vrouw was in september 2021 aanwezig bij een spirituele bijeenkomst op het kindergedeelte van begraafplaats Rusthof in Leusden. De directeur van de begraafplaats had toestemming gegeven voor de bijeenkomst. Daarom is vandaag de stelling: 'Voor evenementen op begraafplaatsen mag nooit toestemming worden gegeven'.  ( 7 min )

Looneisen van vakbonden lopen op tot aan 14 procent extra voor cao-onderhandelingen, terwijl de inflatie inmiddels flink afneemt. Wat zijn reële percentages om mee te schermen? Volgens de bonden is er vooral nog veel reparatiewerk te doen.  ( 12 min )

Pioneer Natural Resources shares soared following reports that the shale oil driller was in advanced talks to be purchased by Exxon Mobil.  ( 1 min )

Taiwan Semiconductor posted September revenue that was better than analysts expected as AI exposure appeared to help overcome a slide in its PC and smartphone sales.  ( 1 min )

Levi Strauss missed quarterly sales forecasts, and it cut its full-year guidance as uncertain macroeconomic conditions weighed on consumer demand.  ( 1 min )

The U.S. FDA said Philips hasn't done enough to address concerns that its sleep apnea machines could harm users.  ( 1 min )

British energy giant Shell PLC raised its Q3 earnings guidance on better-than-expected natural gas and chemicals trading volumes, probably due to surging oil and gas prices.  ( 1 min )

A new study by the big asset manager Vanguard reveals that younger workers are piling up retirement savings more effectively than their boomer elders. One big reason: automatic sign-up of new employees.  ( 34 min )

Earnings season is starting, and the high bar for beats could be a bigger issue than the bond market.  ( 32 min )

The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.  ( 21 min )

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Exxon Mobil's $60 billion bid for Pioneer Natural Resources would expand the top U.S. oil producer's footprint in the country's biggest oilfield, raising questions for shareholders over its transition to low-carbon energy. Negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement over the acquisition of the largest oil producer in Permian basin. The deal puts focus on the Permian and signals Exxon, valued at $436 billion, is sticking to is fundamental business and is pursuing a strategy of consolidation which makes climate sense to some investors, bankers and industry analysts said.  ( 34 min )

(Bloomberg) -- Gina Rinehart, Australia’s richest woman, has muscled in on one of the largest battery-metals deals to date, building a near-17% stake in Liontown Resources Ltd. and threatening its A$6.6 billion ($4.2 billion) takeover by US giant Albemarle Corp. Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XFake Mansions and Rent-Stabilized Units Emerge in Trump TrialBlackstone’s Billion-Dollar Bet on Hollyw  ( 34 min )

About 90 truck drivers and office personnel who worked for Titan Transportation Services Inc., doing business as Sunset Logistics of Grand Rapids, Michigan, say they are owed their final paychecks and escrow after receiving a string of emails from company executives notifying them that the trucking company was closing its doors. The post Michigan-based Sunset Logistics abruptly ceases operations appeared first on FreightWaves.  ( 32 min )

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Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.  ( 20 min )

Starting in January, the IRS will make the $7,500 federal EV tax credit available immediately via dealers. The Treasury Department announced the update on Friday, noting that dealers will have the option to "reduce the purchase price of the vehicle or provide cash to the buyer." The update also applies to buyers taking advantage of the $4,000 credit for used EVs.  ( 31 min )

Mizuho's favorite stocks to play the natural-gas boom include Coterra, EQT, Range Resources, and Antero Resources.  ( 20 min )

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The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.  ( 19 min )

Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.  ( 21 min )

The White House may have blamed Exxon Mobil for high energy prices taking their toll on consumers, but would struggle to thwart the top U.S. oil producer's contemplated $60 billion acquisition of Pioneer Natural Resources, five antitrust lawyers and experts said on Friday. Deal negotiations between Exxon and Pioneer are advanced but have not yet led to an agreement, Reuters reported on Thursday. The acquisition would give Exxon ownership of the largest producer in the biggest U.S. oilfield.  ( 34 min )

Wedbush says real estate investment trusts look cheap and poised to shine next year and beyond, despite risks. The investment bank discusses its favorite sectors—and a baker’s dozen of picks.  ( 27 min )

Seven charts that explain oil’s big price moves  ( 29 min )

“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.  ( 33 min )

Realty Income Corp. (NYSE:O) is one of the world's largest public REITs, but you may not have heard of it because of the sector it operates in. Realty Income holds one type of asset: properties with net leases. After steadily building a portfolio worth over $40 billion in U.S. assets, Realty Income is taking its show on the road to Europe. The move into Europe began in 2019 when Realty Income acquired a large tranch of grocery stores in England. Now the REIT is looking to Europe for even more op  ( 35 min )

Sam Bankman-Fried authorized the illegal use of FTX customers' funds and assets to plug financial gaps at an affiliated hedge fund from the exchange's earliest days, FTX's co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. history. “FTX was not fine,” Wang said, referring to the now-infamous tweet that Bankman-Fried wrote only a few days before the exchange filed for bankruptcy in November 2022.  ( 33 min )

Warren Buffett's Berkshire Hathaway continued selling off more of its HP Inc. shares at a loss this week and dropped its stake below 10% of the printer and computer maker. Berkshire said in a filing with the Securities and Exchange Commission that the latest sale of over 3 million shares Tuesday raised more than $80 million. Berkshire said Monday it had just sold off 5 million other shares.  ( 33 min )

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We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.  ( 19 min )

FTX cofounder and childhood friend Gary Wang took the stand and admitted to the crypto empire’s crimes.  ( 33 min )

In the ever-evolving world of stocks, the year has seen its share of ups and downs. Currently, the stock market grapples with the headwinds of rising interest rates and the resulting surge in bond yields. At the same time, there is reason for optimism. Based on historical patterns, Q4 is typically the year’s strongest for US stocks, and investment bank Goldman Sachs is sticking resolutely with its earlier year-end price target of 4,500 on the S&P 500. “Our baseline view remains that the index wi  ( 35 min )

Billionaire Elon Musk called it "bullsh**t" and "morally wrong." JP Morgan CEO Jamie Dimon declared himself a remote-work skeptic, and Meta CEO Mark Zuckerberg has stated that engineers "get more done" in the office. While companies like Amazon.com Inc., Apple Inc., Meta and Zoom may be demanding their employees return to the office post-COVID, remote working is far from dead. About 28% of people work at jobs that allow for remote work, according to the Bureau of Labor Statistics. Don't Miss: El  ( 33 min )

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Is it time to buy software stocks again?  ( 34 min )

Friday, Battle Road Research analyst Ben Rose downgraded Rivian stock to Sell from Hold. He was surprised by the convertible note sale.  ( 18 min )

Disney's stock is down nearly 7% this year. But analysts at Bernstein and Seaport are bullish.  ( 17 min )

The Aussie dollar initially plunged during the course of the week, only to turn around and recover quite nicely. By doing so, the market looks as if it is ready to continue fighting, but it will be interesting to see how this all plays out.  ( 32 min )

Stocks have recently retreated as Treasury yields continue to rise. To navigate this market turbulence, CNBC's Jim Cramer offers some promising insights. "We're in an unusual situation, but skyrocketing bond yields are bad news for the vast bulk of the market. The mega-cap techs are the one big exception. You want to make it through this difficult moment?" he asked in a recent "Mad Money" segment. "You need the Magnificent Seven, and then the rest." By Magnificent Seven, Cramer means seven mega-  ( 34 min )

(Bloomberg) -- Former Treasury Secretary Lawrence Summers said the surge in US job growth last month is “great news” for now but also suggests the Federal Reserve’s interest-rate hikes aren’t working as they used to, raising the danger of a hard landing for the economy.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsAlmost Anyone Can Become the House Speake  ( 33 min )

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The allure of glamorous lifestyles, decadence and the high-stakes world of finance has always captured the public's imagination. From over-the-top parties to lavish yachts, the movie "The Wolf of Wall Street" painted a picture of the American dream taken to its extreme. While audiences watched in both awe and disbelief as the character lavishly spent his millions, the reality presents an intriguing twist. Leonardo DiCaprio, the actor who brought Jordan Belfort's character to life with such vibra  ( 33 min )

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Investors considered the possibility that the strong jobs report could sway the Federal Reserve's thinking on whether to hold or hike interest rates.  ( 47 min )

Investors considered the possibility that the strong jobs report could sway the Federal Reserve's thinking on whether to hold or hike interest rates.  ( 40 min )

When people think of the term living paycheck to paycheck, images of low-income families struggling to make ends meet might come to mind. But new data reveals that a significant portion of high earners, particularly those raking in over $150,000 annually, also find themselves caught in this vicious financial cycle. Don't Miss: Until 2016 it was illegal for retail investors to invest in high-growth startups. Thanks to changes in federal law, this Kevin O'Leary-backed startup lets you become a ven  ( 33 min )

Hiring in the accommodations industry remains one of the remaining holdouts in bringing the labor market all the way back to its pre-pandemic condition.  ( 34 min )

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A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could deepen the oil major's position in the country's most lucrative oil patch. XOM's endeavor to acquire large U.S. producers has not been widely seen as successful by investors, with many looking at the acquisition of XTO being not executed very well.  ( 32 min )

Tesla Inc. has been at the forefront of the electric vehicle revolution, seeing its stock double this year and become a favorite among investors and consumers alike. The company's success story has gained a great deal of attention, with debates over its valuation and future potential raging among investors and analysts. While many sing praises for Tesla and its leader Elon Musk, Berkshire Hathaway Inc. Vice Chairman Charlie Munger remains more reserved. His caution is not entirely without basis,  ( 34 min )

There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.  ( 33 min )

(Bloomberg) -- Steven Major, HSBC Holding Plc’s renowned bond bull, said he was wrong-footed by the recent bond selloff because he underestimated how badly investors would react to ballooning US debt and a surge in supply.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electric CarsUS Stocks Rebound as Wall Street Debates Rates: Markets WrapAlmost Anyone Can Become the  ( 32 min )

Conflicting currents are buffeting the markets, and it’s difficult to see the clear path forward for investors. The falling rate of annualized inflation and the continued resilience of the jobs market point toward continued economic strength – but interest rates are high, oil prices are rising, and the dollar is strong, which all tend to signal economic trouble. Until recently, the conventional wisdom has favored a ‘soft landing,’ with the Fed’s higher rates bringing down inflation, and permitti  ( 36 min )

General Motors says its offer to the UAW 'is a compelling offer that would reward our team members and allow GM to succeed and thrive into the future.'  ( 21 min )

(Bloomberg) -- A hotter-than-expected US jobs report will likely nudge the Federal Reserve toward raising interest rates again by the end of the year.Most Read from BloombergThe 5% Bond Market Means Pain Is Heading Everyone’s WayThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysNonfarm payrolls increased 336,000 last month  ( 32 min )

Investors considered the possibility that the strong jobs report could sway the Federal Reserve's thinking on whether to hold or hike interest rates.  ( 37 min )

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Once again Elon Musk is resorting to profit-eroding price discounts to stimulate demand after Q3 vehicle sales came in well short of market expectations.  ( 33 min )

A deal would be Exxon's biggest acquisition since its $81 billion deal for Mobil in 1998 and could solidify the oil major's position in the lucrative Permian basin. Exxon's shares were down 3% at $105.74. If the negotiations conclude successfully, an agreement between Exxon and Pioneer could be reached in the coming days, Reuters reported, citing three sources.  ( 32 min )

Investors are waiting for the release of the monthly US jobs report that could sway the Fed on whether to hold or hike interest rates.  ( 35 min )

American oil giant Exxon Mobil is poised to do its biggest deal in more than two decades as it prepares to buy a rival shale producer for $60bn (£49bn).  ( 33 min )

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The net cost of a Model 3 sedan for a U.S. buyer who qualifies for the federal tax credit is down about 33% year to date. The net cost for a Model Y buyer is down 39%. Those are huge discounts.  ( 21 min )

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Investors are worried that rising labor costs at Ford and GM will give Tesla a cost advantage. That isn't reflected in Tesla stock though.  ( 22 min )

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(Bloomberg) -- The bad news keeps piling up for the makers of everything from soft drinks to chocolate and booze.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XThe 5% Bond Market Means Pain Is Heading Everyone’s WayAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe latest blow took the form of comments from Walmart Inc., which said it’s alread  ( 33 min )

Investors are waiting for the release of the monthly US jobs report that could sway the Fed on whether to hold or hike interest rates.  ( 33 min )

(Bloomberg) -- Few businesses have Chicago roots as deep as the CME Group Inc. — the company has been based in the city for more than a century and its very name derives from the location (the letters refer to the company’s Chicago Mercantile Exchange business).Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe 5% Bond Market Means Pain Is Heading Everyone’s WayIt's Done. The Future Is Battery-Powered  ( 34 min )

A recent study by BlackRock and Human Interest reveals an eye-catching gap in retirement savings between workers with access to employer-sponsored retirement plans and those without. The data shows that median-income employees lacking workplace retirement benefits saved one-eighth as much as those with employer-sponsored retirement plans. And by the time they retire, these workers could […] The post BlackRock Says Workers Without This May Lose Out on Almost $625,000 in Retirement Savings appeare  ( 33 min )

Half a million dollars might sound like a lot of money, but if you’re approaching retirement, is it enough? If you have $500,000 in a pre-tax IRA and expect $2,000 per month from Social Security, you may have enough money to retire at age 67. A half million dollars is a relatively modest nest egg, […] The post I Have $500k in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67? appeared first on SmartReads by SmartAsset.  ( 34 min )

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Over half of VinFast's sales last quarter were to a taxi company owned by the EV maker's founder, Pham Nhat Vuong.  ( 33 min )

The rout in the fixed income market is causing the "greatest bond bear market of all time", Bank of America Global Research said in a note on Friday, as the peak-to-trough loss in the U.S. 30-year yield hit 50%. In its weekly 'Flow Show' report, BofA said bond funds saw $2.5 billion of outflows in the week to Wednesday, but Treasuries saw inflows of $4.6 billion, their 34th straight week of inflows. "No capitulation here," BofA strategists, led by Michael Hartnett, said.  ( 32 min )

(Bloomberg) -- Blackstone Inc. has given former Walt Disney Co. executives Kevin Mayer and Tom Staggs more than $1 billion to build the next great entertainment company. That investment has been put to the test this year.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpIt's Done. The Future Is Battery-Powered Electric CarsOzempic Is Making People Buy Less Food, Walmart SaysThe 5% Bond Market Means Pain  ( 36 min )

The luxury automaker is asking for $100,000, saying the Nashville dealership is harming Lamborghini’s reputation while profiting off its name.  ( 32 min )

Apple’s next earnings report is just a few weeks away. It’s likely to post a fourth consecutive quarter of year-over-year revenue declines.  ( 24 min )

It has been a hellish week for energy investors. Exxon Mobil just gave them a reason to smile.  ( 27 min )

The acquisition would be Exxon's biggest since Mobil and would eclipse the 2019 merger between Occidental and Anadarko.  ( 17 min )

(Bloomberg) -- Tesla Inc. cut prices on its top-selling models in the US again, days after its third-quarter deliveries missed estimates.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe carmaker marked down the starting price of the  ( 32 min )

A report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its Model 3 and Model Y vehicles in the U.S., and Rivian rises modestly after a record share slump.  ( 20 min )

(Bloomberg) -- Beaten-down bonds will make a comeback in 2024 when higher interest rates send the economy into a recession, according to Bank of America Corp.’s Michael Hartnett.Most Read from BloombergThe Moral Case for No Longer Engaging With Elon Musk’s XAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOnce the  ( 32 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s revenue slid a less-than-projected 11% after demand from artificial intelligence players helped offset sagging smartphone and laptop chip sales.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market,  ( 32 min )

Pepsi, which makes Frito-Lays and soda pop, has suffered on concerns that snacking will become a thing of the past. Earnings should show how strong the business really is.  ( 19 min )

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(Bloomberg) -- The deepest losses in US Treasuries in decades are sharpening the focus on China’s holdings of the securities.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysAs debate rages about how high US yields may soar, Apollo Glob  ( 33 min )

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Valuation is more an art than science  ( 5 min )

(Bloomberg) -- Not so long ago, families, businesses and governments were effectively living in a world of free money.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpThe Moral Case for No Longer Engaging With Elon Musk’s XOzempic Is Making People Buy Less Food, Walmart SaysIt's Done. The Future Is Battery-Powered Electric CarsOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe US Federal Reserve’s benchmark interest rate was zero, while cent  ( 38 min )

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(Bloomberg) -- Exxon Mobil Corp. is nearing a deal worth as much as $60 billion to buy shale-focused Pioneer Natural Resources Co., the Wall Street Journal reported, citing unidentified people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysThe Moral Case for No Longer Engaging With Elon Musk’s XOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysIt's Done. The Future  ( 32 min )

A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said.  ( 30 min )

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer in the region of $60 billion, people familiar with the matter said on Thursday. The acquisition would expand Exxon's footprint in one of the most lucrative areas of the U.S. oil patch. Pioneer is the third-largest producer of oil in the Permian basin after Chevron Corp and ConocoPhillips.  ( 32 min )

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The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months and 5.76% on a 6-month option from TotalDirectBank.  ( 19 min )

Analysts from Morgan Stanley, Goldman Sachs, RBC, Wells Fargo and other firms said that while the addition of 336,000 jobs puts pressure on the Federal Reserve, the central bank is unlikely to raise rates again this year.  ( 18 min )

Today's best savings accounts are paying record rates, and the highest rates of all are offered to kids and teens. See how they can earn up to 10% on their cash in the bank.  ( 18 min )

Pioneer Natural Resources shares soared following reports that the shale oil driller was in advanced talks to be purchased by Exxon Mobil.  ( 17 min )

The S&P 500 gained 1.2% on Friday, Oct. 6, 2023, after the Labor Department reported hiring jumped but wage gains slowed, raising optimism that the Fed might not keep raising interest rates to fight inflation.  ( 17 min )

The U.S. Treasury Department and IRS announced new guidelines allowing consumers to transfer their EV tax credits to dealers in an effort to boost demand.  ( 17 min )

Coming up next week: earnings from big banks, the latest inflation readings, and Amazon's "Prime Big Deal Days" event.  ( 21 min )

The UAW decided not to expand its strike against the Big Three automakers on Friday as it did in previous weeks, reporting progress in negotiations.  ( 17 min )

British energy giant Shell PLC raised its Q3 earnings guidance on better-than-expected natural gas and chemicals trading volumes, probably due to surging oil and gas prices.  ( 18 min )

Balance is the key when selecting an all-ETF portfolio that will hedge against market volatility. It can create instant stock diversification.  ( 25 min )

Pre-approved credit card offers will not affect your credit score unless you respond by filling out and submitting an application and possibly not even then.  ( 26 min )

Fixed vs. adjustable-rate mortgages and other factors that can affect the interest rate you'll have to pay on a home loan.  ( 26 min )

Many women today struggle to to pay their healthcare bills, for reasons that include income inequality. Here are the statistics.  ( 26 min )

We may be in the biggest bear market of all time for U.S. Treasury bonds, analysts at Bank of America wrote in a research note Friday.  ( 18 min )

Taiwan Semiconductor posted September revenue that was better than analysts expected as AI exposure appeared to help overcome a slide in its PC and smartphone sales.  ( 17 min )

If you're going to invest in ETFs, you should know the intricacies of expense ratios.  ( 23 min )

The federal government doesn’t offer unsecured personal loans, but it does offer loans for specific purposes such as education, housing, and business.  ( 22 min )

The green card backlog is pushing U.S. tech companies to lobby for reform. Read how Microsoft, Facebook, and others want to change the green card process.  ( 29 min )

Crowdfunding is the use of small amounts of capital from a large number of people to raise money or fund a business. Learn the pros and cons of crowdfunding.  ( 28 min )

A natural gas exchange-traded fund (ETF) invests in natural gas futures in an effort to closely track the market price of natural gas.  ( 21 min )

A new rule passed by the Securities and Exchange Commission will allow ETFs that meet certain conditions to go directly to market.  ( 20 min )

U.S. equities were higher at midday on Friday, Oct. 6, 2023 after the Labor Department reported employers added more jobs than expected in September, but wage growth slowed.  ( 18 min )

A short gold ETF is an exchange-traded fund (ETF) that seeks to profit from a decline in the price of gold.  ( 25 min )

Rates on 30-year mortgages have dropped lower, retreating from a 23-year record high. Rates declined for almost every loan type, though jumbo rates were mostly flat.  ( 18 min )

The U.S. FDA said Philips hasn't done enough to address concerns that its sleep apnea machines could harm users.  ( 17 min )

An energy tax credit is a government-sponsored incentive that reduces the cost for people and businesses to use alternative energy resources.  ( 25 min )

Fundamental analysis and technical analysis are the major schools of thought when it comes to analyzing the financial markets and individual securities. Here are the main differences between the two.  ( 26 min )

A no-fee ETF is an exchange-traded fund (ETF) that can be bought and traded without paying a commission or fee to a broker.  ( 22 min )

Levi Strauss missed quarterly sales forecasts, and it cut its full-year guidance as uncertain macroeconomic conditions weighed on consumer demand.  ( 17 min )

Intellectual property is a set of intangibles owned and legally protected by a company from outside use or implementation without consent.  ( 27 min )

Social Security retirement benefits are often used to supplement other income in retirement. However, some people live on Social Security alone. Here's how it can work.  ( 26 min )

REIT ETFs are exchange-traded funds (ETFs) that primarily invest in equity REIT securities and aim to emulate REIT indexes.  ( 20 min )

Everyone's interpretation of gift-giving etiquette rules is different, but you can avoid embarrassing moments by following this brief guide.  ( 22 min )

Income ETFs can be a solid option during retirement. These insights can help you decide whether to include them in your portfolio.  ( 21 min )

Tesla shares fell after the EV maker lowered prices on its Model 3 and Model Y vehicles in the U.S. to boost demand.  ( 17 min )

A warranty is a form of guarantee that a manufacturer offers to repair or replace a faulty product within a window of time after purchase.  ( 27 min )

The sand that the Federal Reserve is throwing in the economy’s gears appears to be having less than its intended effect: employers accelerated hiring in September.  ( 17 min )

Reselling Christmas toys and gifts may put a few extra dollars in your pocket, but it isn’t going to replace your primary source of income.  ( 29 min )

If you don’t time your student loan payments carefully, you can easily get burned and end up giving your lender way more money.  ( 24 min )

Job growth is expected to slow down in September and Exxon is reportedly in talks to acquire Pioneer Natural Resources in a deal that would expand its shale drilling operations. Here’s what investors need to know today.  ( 18 min )

Inventory is the term for merchandise or raw materials that a company has on hand.  ( 25 min )

An audit is an unbiased examination and evaluation of the financial statements of an organization.  ( 27 min )

Jan Tinbergen was a Dutch economist who won the Nobel Prize in Economics in 1969 for the development of dynamic macroeconomic models.  ( 22 min )

Het ruime begrotingsbeleid van veel eurolanden dwarsboomt de inspanningen van de Europese Centrale Bank (ECB) om de inflatie omlaag te krijgen. Dat zei Klaas Knot, president van De Nederlandsche Bank (DNB) en ECB-bestuurslid op een bijeenkomst in Slowakije.  ( 9 min )

Amazon heeft de eerste twee satellieten gelanceerd voor zijn Project Kuiper. Het webwinkel- en techbedrijf wil een netwerk van duizenden satellieten opzetten om internetdiensten aan te bieden op aarde. Daarmee gaan ze de concurrentie aan met Starlink van Elon Musks SpaceX.  ( 9 min )

Een nieuwbouwhuis is in deze tijd moeilijk te betalen voor een starter, en dat zal niet snel veranderen. In Heerenveen staat een fabriek waar die mogelijkheid toch gecreëerd moet worden. Twintig keer per dag wordt hier een woning met een prijskaartje vanaf 175.000 euro gemaakt.  ( 3 min )

De snelle doorstart van de failliete garnalenverwerker Heiploeg in 2014 is toch niet helemaal volgens de regels gegaan. De Hoge Raad, het hoogste rechtsorgaan, heeft eerdere uitspraken in de langslepende rechtszaak vernietigd.  ( 9 min )

"Wat is eigenlijk het verschil tussen kunstmatige intelligentie en gewoon googelen?", vraagt koningin Máxima tijdens een rondleiding bij de Hogeschool van Amsterdam. Een terechte vraag, maar AI gaat vaak veel verder en dieper dan Google. En dat moet verantwoord gebeuren.  ( 9 min )

Het wordt een terugkerende traditie voor de feestdagen: het Grote Speelgoedboek van bol.com dat op de deurmat valt, met tientallen bladzijden aan speelgoedreclame. Opvallend is dat er geen precieze bedragen worden vermeld bij de producten.  ( 10 min )

Op de Nederlandse eilanden Bonaire, Saba en Sint-Eustatius kunnen de bewoners moeilijk rondkomen, blijkt uit onderzoek van budgetvoorlichter Nibud. Daarom moet het minimumloon omhoog.  ( 9 min )

Michelin gaat voortaan ook hotels beoordelen. De inspecteurs van de Franse bandenmaker gaan voortaan "de uitzonderlijkste hotels ter wereld" aanwijzen. Dat gebeurt niet met sterren, maar met sleutels.  ( 9 min )

Suiker is in een maand tijd bijna 10 procent duurder geworden. Daarmee was de prijs van suiker in september op het hoogste niveau in meer dan tien jaar tijd, meldt de voedsel- en landbouworganisatie van de Verenigde Naties (FAO). De hoge suikerprijzen ontstaan door toenemende zorgen over krappe suikervoorraden.  ( 9 min )

De vergunningen van twaalf industriële bedrijven voor het lozen van onder meer kwik, zink en stikstof voldoen niet aan de regels. Dat blijkt uit onderzoek van het Het Financieele Dagblad (FD) en onderzoeksplatform Investico.  ( 9 min )

Philips moet zijn slaapapneuapparaten extra laten testen, heeft de Amerikaanse voedsel- en medicijnenwaakhond FDA bepaald. Deze testen moeten uitwijzen wat de gezondheidsrisico's zijn voor patiënten die een defect apparaat hebben gebruikt.  ( 9 min )

Oliemaatschappij ExxonMobil zou van plan zijn om de Amerikaanse branchegenoot Pioneer Natural Resources over te nemen. Exxon zou daar zo'n 60 miljard dollar (57 miljard euro) voor over hebben.  ( 8 min )

Zuivelbedrijf FrieslandCampina heeft een flinke reorganisatie aangekondigd. De kosten moeten met 400 tot 500 miljoen euro omlaag. Het betekent onder meer dat een deel van het personeel weg moet.  ( 8 min )

De subsidie voor nieuwe elektrische auto's blijft komend jaar toch op hetzelfde niveau als dit jaar. De eerder geplande afbouw gaat niet door, meldt demissionair staatssecretaris Vivianne Heijnen (Infrastructuur en Waterstaat) aan de Tweede Kamer.  ( 8 min )

De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.  ( 10 min )

De krapte op de woningmarkt neemt weer toe. Daardoor zijn kopers de afgelopen maanden weer vaker gaan overbieden. Dat is niet gunstig voor starters op de huizenmarkt.  ( 10 min )

Lamb Weston was the best-performing stock in the S&P 500 on Thursday after the food processor posted a big jump in profits and boosted its outlook as it benefited from higher prices.  ( 1 min )

Higher oil prices likely boosted ExxonMobil's third-quarter profit compared to the previous quarter, the company said in a Securities and Exchange Commission (SEC) filing late Wednesday.  ( 1 min )

Constellation Brands beat profit and revenue forecasts and boosted its guidance on strong beer sales, but demand for wine and spirits slumped.  ( 1 min )

Rivian shares fell Thursday after the electric truck maker said it would offer $1.5 billion in "green" convertible notes for use to finance, refinance, or invest directly in new or recently completed green energy projects.  ( 1 min )

Clorox shares plunged after warning a cyberattack that hit the cleaning products maker in August will have a significant negative impact on its quarterly results.  ( 1 min )

U.S. stock futures were trending higher in premarket trading Thursday as investors awaited more updates on the jobs market reports after two days of surprising data.  ( 1 min )

The S&P 500 was little changed on Thursday, Oct. 5, 2023 ahead of Friday's jobs report, and Clorox shares tumbled after warning a cyberattack would have a significant negative impact on its quarterly earnings.  ( 1 min )

Stock futures are falling ahead of data on initial jobless claims and Exxon reported its likely to see an earnings boost from higher oil prices. Here’s what investors need to know today.  ( 1 min )

LG Energy Solution will invest approximately $3 billion in its Michigan battery facility to supply lithium ion batteries for Toyota electric vehicles.  ( 1 min )

Markets declined at midday on Thursday, Oct. 5, 2023, after a report on weekly jobless claims came in lower than expected, raising fears of more Fed rate hikes.  ( 1 min )

What should we make of today’s market conditions? Investors are digesting how the Federal Reserve’s ‘higher for longer’ interest rate policy will impact the economy, and they’re not pleased with the prospect. Other challenges on the horizon include the ongoing Congressional budget battles, lingering inflation, the evaporation of consumer savings and purchasing power, and concerns over China’s incendiary combination of slowing growth, geopolitical ambition, and approaching demographic collapse. T  ( 35 min )

(Bloomberg) -- For the past 18 months, Federal Reserve Chair Jerome Powell has frantically been trying to break Americans' borrow-and-spend habits. It’s critical to his fight against inflation.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOzempic Is Making People Buy Less Food, Walmart SaysOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysThe Moral Case for No Longer Engaging With Elon Musk’s XIt's Done. The Future Is Battery-Powered Electri  ( 34 min )

Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. At Thursday's closing price of $523,545.06 a share, that made the gift worth more than $40.3 million.  ( 32 min )

Mike Lindell said he can't afford to pay $2 million a month to his attorneys in election-related cases. "I have $10,000 to my name," he said.  ( 32 min )

(Bloomberg) -- Sam Bankman-Fried last year told a close friend from MIT who joined FTX as a software developer that the cryptocurrency exchange was no longer “bulletproof” amid mounting failures in the industry and $8 billion that had been lent to affiliated hedge fund Alameda Research.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysIt's Done.  ( 33 min )

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Prior to Wang taking the stand, there was a 15-minute break during which Bankman-Fried looked visibly irritated. At one point his father, Joseph Bankman, patted his mother, Barbara Fried, on the back, said something and laughed. On the stand, Wang admitted that he committed wire fraud, securities fraud and commodities fraud.  ( 32 min )

Ed Yardeni believes bond vigilantes are attempting to spike Treasury yields in protest against unsustainable fiscal policy—but the Treasury Secretary isn’t so sure.  ( 35 min )

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MGM Resorts refused to pay a hackers’ ransom demand in a September cyberattack that threw its Las Vegas Strip resorts into chaos, according to a person familiar with the matter.  ( 29 min )

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Tanker giant Frontline is poised to dramatically expand its fleet, while Euronav is on a path to privatization. The post Tanker shipping’s ‘odd couple’ prepares for a divorce appeared first on FreightWaves.  ( 34 min )

Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is no certainty they will result in an agreement, the report said, adding that Mirati could also attract interest from other suitors. A Sanofi spokesperson responded to a Reuters' request saying the company does not comment on market rumors.  ( 31 min )

(Bloomberg) -- French pharmaceutical giant Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics Inc., according to people familiar with the matter. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleFed’s Bid to Avoid Recession Tested by Yields Nearing 20-Ye  ( 32 min )

Month after month, like clockwork, you pay your wireless carrier for the services it provides. But imagine that instead of just paying them, you're also getting a piece of the pie — through dividends. Wireless carriers and telecommunications companies in general often pay dividends. They operate in an essential industry with high barriers to entry, owing to the significant capital expenditure required for infrastructure and network maintenance. At the same time, the recurring revenue model — whe  ( 33 min )

America's billionaires have had a great year from a financial standpoint. The top 20 people on Forbes' 2023 richest list have added $310 billion to their fortunes. Together, they have a combined wealth of $1.9 trillion, a 30% increase from a year ago. To give a sense of how significant their growth is, these 20 people now hold 40% of the total wealth of the entire Forbes 400 list. Among the top 20, Nvidia Corp. CEO Jensen Huang stands out. His company, which has made big strides in artificial in  ( 33 min )

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Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 35 min )

If you could live anywhere, where would it be? If you want to rub elbows with some of the most successful people in the United States, Wyoming could be a good choice. Known as the Equality State because it was the first to give women the right to vote, Wyoming is home 3.47 billionaires per 1 million people. They have an average worth of $23.5 billion, according to research conducted by The Digital Project Manager. Mars Inc. heir John Mars and Christy Walton, who married into the family that foun  ( 32 min )

Shares of Rivian Automotive Inc fell by more than 20% on Thursday, after the electric vehicle maker unveiled plans to issue $1.5 billion worth of convertible green bonds. Irvine, California-based Rivian expects the bonds, which will mature in October 2030 and can be converted to either cash or its shares, will help it to "de-risk" the launch of its R2 sports utility vehicle in Georgia, a company spokesperson told Reuters on Wednesday. It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects.  ( 32 min )

Gasoline prices are certain to go $0.25 to $0.50 lower, says one oil analyst.  ( 33 min )

With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.  ( 20 min )

US stocks were broadly flat after jobless claims data stayed low, signaling a healthy labor market.  ( 37 min )

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CNBC Disney Slashes Children's Ticket Prices Amid Attendance Slump The Walt Disney Company (NYSE: DIS) has unveiled a new series of discounts for children visiting its iconic Disneyland and Disney World parks. This strategic move comes amidst a noticeable decline in attendance and hotel occupancy, a trend exacerbated by the inflationary pressures that have made vacations more expensive for families. Beginning October 24, Disneyland, located in California, will offer tickets for children aged thr  ( 36 min )

The collapse of Sam Bankman-Fried's cryptocurrency exchange FTX has led to an increased focus on the role played by Alameda Research and its CEO Caroline Ellison, also SBF's gal pal, in the firm's implosion.  ( 33 min )

US Markets MaxCyte, Rivian Automotive And Other Big Stocks Moving Lower In Thursday's Pre-Market Session Investor Fear Eases Amid Pullback In Treasury Yields Jim Cramer Predicts Potential Stock Market Rally Triggered By Jobs Report: 'Certainly Have Plenty Of Tinder' Crypto Cocoa Bean Trader, First Witness In Sam Bankman-Fried Trial, Recounts $100K Loss To FTX Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range Donald Trump's Second NFT Sales Skyrocket 350% Amid Buzz  ( 33 min )

US stocks were broadly flat after jobless claims data stayed low, signaling a healthy labor market.  ( 36 min )

The markets have the tendency to overdramatize, and events are often blown out of proportion. With the stock market having experienced a pullback since the mid-summer peaks, there have been fears the bull market seen for most of the year is about to go up in smoke. But that is not the case at all,” argues Matt Orton, Chief Market Strategist at Raymond James. Throughout the year, the markets have been “pushing back” against the Fed’s narrative that interest rates will need to stay elevated for an  ( 35 min )

Clorox (ticker: CLX) stock was the worst performer in the S&P 500 after cutting its fiscal first-quarter outlook following a [cybersecurity attack disclosed](https://www.marketwatch.com/story/clorox-says-some-operations-disrupted-amid-unauthorized-activity-on-it-systems-357ffe3e?mod=md_stockoverview  ( 11 min )

↘️ Rivian Automotive (RIVN): Shares in the electric-vehicle maker fell more than 15% after it announced plans to raise more funds. Rivian, which [has struggled to keep production up](https://www.wsj.com/business/autos  ( 24 min )

US stocks were broadly flat after jobless claims data stayed low, signaling a healthy labor market.  ( 35 min )

Shares of VinFast were gaining in morning trading, recently up 5%, after the Vietnamese electric-vehicle maker said its third-quarter revenue more than doubled from the year-ago period. The company also said deliveries of its EVs rose about 5% from the previous quarter, and that deliveries of e-sco  ( 22 min )

The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.  ( 22 min )

Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting at $77,400, as it looks to stoke demand. Despite the lower price, the new Lucid model is more expensive than larger rival Tesla's Model S luxury sedan, which starts at $75,000. The new variant of the Air sedan is available immediately and will offer a range of 410 miles on a full charge, the company said.  ( 30 min )

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(Bloomberg) -- Lithium prices are plunging around the world, but the slump is particularly glaring in China, where the key battery metal is trading at a big discount versus the US.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleKey Taiwan Tech Firms Helping Huawei With China Chip Plant  ( 32 min )

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People love to blame fuel stations when pump prices rise, and now they can—sort of.  ( 27 min )

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Stock futures are falling ahead of data on initial jobless claims and Exxon reported its likely to see an earnings boost from higher oil prices. Here’s what investors need to know today.  ( 18 min )

Here's how much of the prize you would take home after taxes and five ways to invest your windfall.  ( 32 min )

Buyout decisions have become increasingly common for those with a pension plan. If you get this offer, the most important questions to deal with include when you would you receive the payout, and how long you expect to live. The earlier you would receive a lump sum payout, the more it will be worth to you […] The post Should I Take a $48,000 Lump Sum or $462 Monthly Payments for a Pension Annuity? appeared first on SmartReads by SmartAsset.  ( 34 min )

Wall Street stocks were little changed ahead of the bell, as a retreat in the bond rout let focus turn to Friday's key US jobs data.  ( 33 min )

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I’m 50 and my husband is 57. We paid off all debts and have $1 million in our 401(k) and IRA. We also own $1 million in rental properties that give us a $5,000 net profit monthly. We hope to keep the rental homes for another 15 years for income. We have $200,000 in savings […] The post Ask an Advisor: We Have $1.45M Saved, Plus $1M in Rental Properties That Make Us $5K Per Month. Can We Retire in 5 Years? appeared first on SmartReads by SmartAsset.  ( 34 min )

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(Bloomberg) -- William Eigen is sticking to the strategy that has helped him thrive amid the worst bond rout in history: keeping most of his $8.8 billion JPMorgan Strategic Income Opportunities Fund in cash.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Swit  ( 33 min )

Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. Revenue for the third quarter was 8.25 trillion Vietnamese dong ($338 million). ($1 = 24,380.0000 dong)  ( 30 min )

Stocks are in a delicate balance thanks to the bond market and Friday's jobs report for September could spook the markets.  ( 34 min )

(Bloomberg) -- After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysApple Considered, Rejected Switch to DuckDuckGo From GoogleUsed-car values have tumbled about 16% from the  ( 31 min )

The assets, whose ownership is in dispute, could be used to pay back creditors of Alameda Research and FTX.  ( 32 min )

Rivian stock falls after saying third-quarter revenue would be in line with analysts' estimates and announcing an offering of $1.5 billion in convertible notes. Clorox slashes its fiscal first-quarter outlook following a cyberattack in August.  ( 22 min )

(Bloomberg) -- Oil clawed back a little ground after signs of weaker demand and concerns about a slowdown in global growth sparked the steepest one-day drop in more than a year.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleWe  ( 32 min )

(Bloomberg) -- Alstom SA plunged by more than a third after the French train maker slashed its financial guidance due to delays on UK contracts and a rise in inventories.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapApple Considered, Rejected Switch to DuckDuckGo From GoogleThe  ( 33 min )

The company is burning through cash–it sold trucks at an average loss of $33,000 in the second quarter.  ( 22 min )

U.S. stock markets were poised to drop at the open of trading on Thursday ahead of the publication of weekly jobless claims data. Equity markets looked set to give back some of the previous day’s gains as bond yields remain elevated. Dow Jones Industrial Average futures were down 97 points, or 0.3%  ( 12 min )

Gold edged higher on Thursday, set to end its eight-session-long losing streak, last seen around the same time in 2016, as U.S. bond yields and the dollar retreated from recent highs ahead of a keenly awaited non-farm payrolls report this week. "While there is an attempt for gold prices to stabilize into today's session, there is not much conviction of a reversal just yet," IG market strategist Yeap Jun Rong said.  ( 32 min )

(Bloomberg) -- In July this year, Nuremberg’s mayor celebrated the final beam being placed atop the redeveloped Quelle building, a monumental 1950s symbol of postwar Germany’s economic revival. Revamped with offices, shops and homes, a big part of the giant complex was slated to open in 2024.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsOzempic Is Making People Buy Less Food, Walmart SaysUS Stocks  ( 34 min )

Satellite imagery suggests that global oil inventories have surged by 30 million barrels in the first three weeks of September, according to JPMorgan.  ( 32 min )

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(Bloomberg) -- Global bonds are doomed to keep falling unless a sustained slump in equities revives the appeal of fixed-income assets, according to Barclays Plc. Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapOzempic Is Making People Buy Less Food, Walmart SaysFootball’s World Cup Is Coming to North Africa for First Time“There is no ma  ( 32 min )

The Trump-era tax cuts will phase out at the end of 2025 unless they are extended. Financial advisers say now is the time for retirees—and near retirees—to start planning for that.  ( 27 min )

Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.  ( 33 min )

Being a leader can help you in your career. Here are some tips for improving your leadership skills.  ( 23 min )

The Licensed International Financial Analyst is a professional designation for investment professionals throughout the world.  ( 22 min )

The S&P 500 was little changed on Thursday, Oct. 5, 2023 ahead of Friday's jobs report, and Clorox shares tumbled after warning a cyberattack would have a significant negative impact on its quarterly earnings.  ( 16 min )

The best CD rates available nationwide are a 6.00% offer from Credit Human on a take-your-pick term of 12-17 months, and 5.76% on a 6-month option from TotalDirectBank.  ( 19 min )

Constellation Brands beat profit and revenue forecasts and boosted its guidance on strong beer sales, but demand for wine and spirits slumped.  ( 17 min )

Project finance is the financing of long-term infrastructure and industrial projects using a non- or limited-recourse financial structure.  ( 24 min )

Lamb Weston was the best-performing stock in the S&P 500 on Thursday after the food processor posted a big jump in profits and boosted its outlook as it benefited from higher prices.  ( 17 min )

It's never been easier to earn well over 5%—even 6%—on your cash in the bank. Today's high-yield savings, money market, and CD accounts are all paying record rates.  ( 17 min )

Black Friday takes place the day after Thanksgiving, is full of big discounts, and is considered the beginning of the holiday shopping season.  ( 26 min )

San Francisco Fed President Mary Daly said that the tightening of financial conditions over the past 90 days “diminished” the need for further rate hikes, but argued the Fed should keep its options open.  ( 18 min )

Higher oil prices likely boosted ExxonMobil's third-quarter profit compared to the previous quarter, the company said in a Securities and Exchange Commission (SEC) filing late Wednesday.  ( 18 min )

A Medicare Advantage plan may help you lower non-covered health costs, but there are definite tradeoffs compared to classic Medicare/Medigap.  ( 25 min )

The last time mortgage rates were this high, you could check on them using the free 1,000 hours of dial-up Internet access CD-ROM that America Online sent you in the mail.  ( 17 min )

Delaware provides favorable tax shelters, which has led high numbers of companies to incorporate there.  ( 23 min )

Surging vehicle sales more than doubled the revenue of Vietnamese electric carmaker Vinfast (VFS), the company said in its latest earnings report.  ( 19 min )

Signed into law on Aug. 16, 2022, it lowers prescription drug and energy costs and levies a 15% minimum tax on some corporations.  ( 30 min )

A new report from crypto intelligence firm Messari indicates funding for the industry has dried up, dropping to levels not seen since the last quarter of 2020.  ( 18 min )

The First Amendment protects the freedoms of Speech, Religion, Press, Assembly, and Petition for Americans. Learn how it works and why it's important.  ( 24 min )

Understand the argument that the repeal of the Glass-Steagall Act caused the 2008 financial crisis, and learn why the argument may not be valid.  ( 23 min )

LG Energy Solution will invest approximately $3 billion in its Michigan battery facility to supply lithium ion batteries for Toyota electric vehicles.  ( 17 min )

Getting Exposure to the Cryptocurrency World Without Buying Crypto Is an Excellent Way to Get Involved Without Taking Too Much Risk. Here Are Some Options.  ( 25 min )

BlackBerry announced plans to separate its Internet of Things (IoT) business, expecting to launch its IPO in the next fiscal year.  ( 17 min )

Use these practical tips to help curb excess holiday spending and ensure you stay on budget for the new year.  ( 22 min )

Rivian shares fell Thursday after the electric truck maker said it would offer $1.5 billion in "green" convertible notes for use to finance, refinance, or invest directly in new or recently completed green energy projects.  ( 17 min )

Markets declined at midday on Thursday, Oct. 5, 2023, after a report on weekly jobless claims came in lower than expected, raising fears of more Fed rate hikes.  ( 16 min )

With another jump higher, 30-year mortgage rates keep setting new records—hitting three historic peaks in the past week. Rates were mixed for other loan types.  ( 19 min )

Learn about the CFA Level II exam, which goes more in-depth into investment management and portfolio concepts.  ( 27 min )

Ally Bank CD rates are competitive, and there is no minimum deposit required to open. Several term options, as well as a special no-penalty CD, are available.  ( 21 min )

Clorox shares plunged after warning a cyberattack that hit the cleaning products maker in August will have a significant negative impact on its quarterly results.  ( 17 min )

The price of a good is inversely related to the quantity of it demanded due to human logic and behavior, as well as the income and substitution effects.  ( 23 min )

Almost all (98%) of Meta's revenue comes from advertising, and a better experience for advertisers could boost the company's financials.  ( 17 min )

Certificates of deposit (CDs) can be a great method to save money for the future. Learn about PenFed CD rates, and see if they’re a good fit for your finances.  ( 23 min )

The financial sector offers some of the best-paying jobs. See what jobs are available and find out how to switch careers to a finance job.  ( 24 min )

The U.K. Competitions and Markets Authority launched an investigation into cloud services and whether big cloud services providers like Amazon, Microsoft, and Google make it difficult for businesses to switch or use more than one provider.  ( 17 min )

Keiretsu is a business network composed of independent firms that have close relationships and sometimes take small equity stakes in each other.  ( 24 min )

The equation of exchange is a model that shows the relationship between money supply, price level, and other elements of the economy.  ( 23 min )

Unemployed job seekers are sending out many more applications with the help of computers, according to a St. Louis Fed report, but lower rates of offers and acceptance make the chances of finding work about the same as in the early 1980s.  ( 18 min )

Core liquidity is the cash and other financial assets that banks possess that can easily be liquidated and paid out as part of operational cash flows.  ( 21 min )

Stock futures are falling ahead of data on initial jobless claims and Exxon reported its likely to see an earnings boost from higher oil prices. Here’s what investors need to know today.  ( 17 min )

De Zweedse vastgoedbelegger Heimstaden wil 12.000 van zijn 13.500 Nederlandse huurwoningen verkopen. Reden zou het nieuwe overheidsbeleid zijn om huurprijzen verder te reguleren. Dat zou de verhuur minder aantrekkelijk maken voor het bedrijf.  ( 10 min )

Als het aan de Tweede Kamer ligt, gaat het minimumloon volgend jaar met 1,2 procent omhoog. En daar kunnen de middeninkomens ook van profiteren, zeggen deskundigen tegen NU.nl. Werkgevers vrezen hogere loonkosten en zien niets in de plannen.  ( 10 min )

Nu de koude maanden zich aandienen en de energieprijzen nog dalen, kiezen steeds meer consumenten voor zekerheid. In september nam het aantal huishoudens met een vast contract toe met 214.000. Zo'n 36 procent heeft nu een vast contract.  ( 9 min )

Het aantal arbeidsongevallen is in 2022 flink toegenomen. Vorig jaar zijn er 2.357 slachtoffers gevallen bij een arbeidsongeval, 22 procent meer dan een jaar eerder. Veertig van hen zijn bij het ongeval overleden. Verder zijn mannen duidelijk vaker de klos dan vrouwen.  ( 9 min )

Donald Trump staat niet meer in de Forbes 400. Op deze lijst staan de rijkste Amerikanen op volgorde van vermogen. Trump komt 300 miljoen dollar (285 miljoen euro) tekort.  ( 8 min )

Een Japanse restaurantketen heeft een digitale lopende band bedacht om de gasten te serveren, meldt CNN. Daarmee wil de keten iets doen tegen 'sushiterreur'. Eerder hebben restaurantbezoekers speeksel aan het eten gesmeerd.  ( 9 min )

De marktprijzen voor olie zijn woensdag met ruim 5 procent gezakt. Dat is de grootste daling sinds augustus vorig jaar. Voor een vat Noordzeeolie betaal je nu 85 dollar (ongeveer 81 euro). Lagere olieprijzen kunnen gunstig uitpakken voor de automobilist.  ( 9 min )

De huizenprijzen zijn in de afgelopen drie maanden weer iets gestegen. Toch ligt de gemiddelde verkoopprijs nog wel iets lager dan in dezelfde periode een jaar eerder. Bekijk hier hoe de huizenprijzen in jouw regio zich hebben ontwikkeld.  ( 7 min )

De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.  ( 9 min )

Op de bank je laptop openklappen en aan het werk: veel mensen genieten van thuiswerken. Maar werk je ook efficiënter en ben je productiever? NU.nl vroeg het experts.  ( 9 min )

De huizenprijzen zijn weer iets gestegen. In de maanden juli, augustus en september veranderde een bestaande woning voor gemiddeld 422.000 euro van eigenaar.  ( 9 min )

Nederlandse gokkers hebben in het afgelopen jaar 1,33 miljard euro verloren met online kansspelen. Daarmee groeit de legale online gokmarkt in ons land nog steeds, maar minder hard dan voorheen.  ( 9 min )

Naar verwachting gaat de zorgpremie flink stijgen volgend jaar. Zorgverzekeraar DWS wijst naar loonsverhogingen van zorgpersoneel. Ook de hogere kosten in de zorg vanwege de vergrijzing zijn een oorzaak. Vandaag is daarom onze stelling: 'De zorgpremie moet gekoppeld worden aan leeftijd.'  ( 8 min )

De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.  ( 9 min )

Je zorgpremie wordt waarschijnlijk weer duurder. Het gaat om om en nabij 12 euro. Hoe is de prijs van je zorgpremie opgebouwd?  ( 3 min )

De prijzen van etenswaren zijn in de eerste helft van 2023 iets duurder geworden. Consumenten betaalden gemiddeld 3,7 procent meer voor hun boodschappen. Maar dat geldt gelukkig niet voor álles wat je in de supermarkt koopt.  ( 9 min )

Google hosted its 'Made by Google' event and unveiled a $999 pixel phone to compete in the smartphone industry.  ( 1 min )

Apple CEO Tim Cook sold 511,000 shares of company stock worth about $88 million as the stock price has tumbled from its all-time high.  ( 1 min )

Apple shares wavered between gains and losses after a downgrade from KeyBanc that anticipates a slowdown in U.S. sales growth.  ( 1 min )

Sunrun shares sank to their lowest level since April 2020 before paring back some losses after a downgrade from Truist, which warned high interest rates could impact the solar panel installation market.  ( 1 min )

Tesla shares rose Wednesday after the EV maker said it would sell a rear-wheel drive version of its most popular vehicle, the Model Y, at the lowest price yet for that SUV.  ( 1 min )

The S&P 500 added 0.8% on Wednesday, Oct. 4, 2023, after a report showing lower-than-expected private sector job growth in September eased rate hike concerns.  ( 1 min )

The rare combination of falling stock and bond prices has left investors with choices they haven’t had to make in decades.  ( 1 min )

U.S. stock futures were up in premarket trading Wednesday, rebounding from Tuesday's sell-off, as bond yields retreated from overnight highs and data showed private payrolls added far fewer jobs than expected in September, a counterpoint to yesterday's unexpected rise in job openings.  ( 1 min )

Markets were higher at midday on Wednesday, Oct. 4, 2023 as a report showing a slowdown in private sector hiring eased worries that a strong labor market would encourage the Fed to hike interest rates further.  ( 1 min )

Ford and General Motors saw an increase in sales volume in the third quarter of 2023 while Stellantis reported a slight decline amid the ongoing United Auto Workers strike.  ( 1 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 22 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics.  ( 18 min )

A gift is something of value that is given without something of equal value being exchanged in return and, in some instances, is subject to tax.  ( 23 min )

Ford and General Motors saw an increase in sales volume in the third quarter of 2023 while Stellantis reported a slight decline amid the ongoing United Auto Workers strike.  ( 17 min )

The best nationally-available CD rates top September's already-sky-high APYs. You can now earn 6.00% in three different terms, and all terms offer at least 5.00%.  ( 17 min )

The S&P 500 added 0.8% on Wednesday, Oct. 4, 2023, after a report showing lower-than-expected private sector job growth in September eased rate hike concerns.  ( 16 min )

Sunrun shares sank to their lowest level since April 2020 before paring back some losses after a downgrade from Truist, which warned high interest rates could impact the solar panel installation market.  ( 17 min )

The housing market traditionally heats up in the spring. But low inventory and more serious buyers are among the reasons the holidays can be a good time to sell.  ( 26 min )

A record number of people are paying $1,000 or more for their monthly auto loan payments, and it’s not just because of high prices.  ( 17 min )

Increasing aggregate demand usually corresponds with increasing price levels while decreasing demand corresponds with lower price levels. But the link isn't always clear.  ( 23 min )

The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.  ( 19 min )

The Multilateral Investment Guarantee Agency is an organization that encourages investment in developing countries by offering risk insurance.  ( 20 min )

Tesla shares rose Wednesday after the EV maker said it would sell a rear-wheel drive version of its most popular vehicle, the Model Y, at the lowest price yet for that SUV.  ( 17 min )

The rare combination of falling stock and bond prices has left investors with choices they haven’t had to make in decades.  ( 22 min )

Learn how to calculate and interpret the Sharpe ratio. Discover its significance to investors and find out what is considered a good Sharpe ratio.  ( 23 min )

From May 31 to June 1 in 1921, the Greenwood District of Tulsa, Okla., “Black Wall Street,” was torched. Thousands were left homeless & some 300 died.  ( 29 min )

The SEC's recent enforcement push seeks to protect cryptocurrency investors from those wishing to take advantage of them.  ( 34 min )

See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.  ( 26 min )

Google hosted its 'Made by Google' event and unveiled a $999 pixel phone to compete in the smartphone industry.  ( 18 min )

Gift splitting allows a married couple to gift twice as much without being subject to a gift tax.  ( 24 min )

How to manage those burdensome payments as you embark on your adult life.  ( 27 min )

Now that a Brexit deal has finally been reached, here’s what we know about the few winners and many losers of Brexit.  ( 29 min )

Apple CEO Tim Cook sold 511,000 shares of company stock worth about $88 million as the stock price has tumbled from its all-time high.  ( 16 min )

The student loan interest deduction allows for a tax break of up to $2,500 for interest payments on loans for higher education. Here's how to qualify.  ( 27 min )

Here are some of the worst consequences of not making payments on your student loans, plus some federal programs to help you if you’re struggling to pay.  ( 26 min )

The services sector, which accounts for roughly four-fifths of U.S. GDP, is showing signs of weakness, according to the latest PMI surveys issued by S&P Global and the Institute for Supply Management.  ( 18 min )

Understand Canada's key industries, main trading partners, and key stats such as GDP and GDP per capita.  ( 27 min )

A fiscal year (FY) is a 52- or 53-week period of time that a company or government uses for accounting purposes and preparation of its financial statements.  ( 26 min )

The Grayscale Bitcoin Trust (GBTC) can help simplify investing in cryptocurrency, but it also poses some major disadvantages.  ( 28 min )

Student loan forgiveness is a release from having to repay the borrowed sum, in full or in part. It's currently limited to borrowers in certain public service fields.  ( 32 min )

Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.  ( 24 min )

While JP Morgan Chase CEO Jamie Dimon has predicted that artificial intelligence could bring about a shortened workweek, a report from Oxford Economics says a shrinking labor supply could challenge the productivity gains projected from AI.  ( 17 min )

Parents, grandparents, and other interested adults can give financial gifts to children to help secure their future. Learn more about what's available.  ( 26 min )

Markets were higher at midday on Wednesday, Oct. 4, 2023 as a report showing a slowdown in private sector hiring eased worries that a strong labor market would encourage the Fed to hike interest rates further.  ( 18 min )

Joining the military is a major decision with life-altering consequences, so before making it, you should know exactly what active-duty or reserve-duty service entails.  ( 26 min )

The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.  ( 26 min )

Apple shares wavered between gains and losses after a downgrade from KeyBanc that anticipates a slowdown in U.S. sales growth.  ( 17 min )

Shares of Cal-Maine Foods slumped as the egg producer’s profit plummeted along with the price of eggs.  ( 17 min )

Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.  ( 19 min )

When you’re taking the plunge into buying rental property, lean on the expertise of professionals and know when it’s time to cut your losses.  ( 20 min )

The Biden administration on Wednesday approved an additional $9 billion in student loan relief for up to 125,000 borrowers.  ( 17 min )

How can inflation affect unemployment, and vice versa? Here, we examine the relationship between wage inflation, consumer prices, and unemployment.  ( 31 min )

About 75,000 workers of the Coalition of Kaiser Permanente Unions went on strike against the health care company demanding better pay and benefits, in a move that could disrupt patient care and briefly dent Kaiser's revenues.  ( 20 min )

Regardless of your age, taking these five steps will help you build a solid retirement plan.  ( 29 min )

A CFO salary often includes base pay plus a whole lot of perks, bonuses, and benefits. Discover how much a CFO earns and what it takes to become one.  ( 25 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 35 min )

The slower-than-expected pace of private sector hiring is in contrast to yesterday's JOLTS report that underscored a strong demand for labor, offering mixed signals about the resilience of the U.S. labor market.  ( 18 min )

Intel plans to spin out its programmable chip unit into a standalone business, with an initial public offering expected in the next two to three years.  ( 17 min )

House Speaker Kevin McCarthy's ouster raises the odds of a government shutdown later this year, and bond yields rose to 16-year highs on worries over political dysfunction and economic resilience. Here’s what investors need to know today.  ( 18 min )

An official settlement account tracks central banks' reserve asset transactions.  ( 24 min )

The company recorded a 41.4% increase in hybrid sales, which outperformed EVs.  ( 29 min )

(Bloomberg) -- Rivian Automotive Inc. sank in post market trading Wednesday after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt and reported preliminary third-quarter revenue. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeMcCarthy Ouste  ( 32 min )

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The macro backdrop offers a set of concerns that have weighed on investors recently. These have seemingly put the brakes on 2023’s bull market and include the prospect of interest rates staying elevated for the time being and oil prices on the up again, all while a workers’ strike rumbles on in the background. However, Savita Subramanian, the head of U.S. equity & quantitative strategy at Bank of America, makes the case that the economy is strong enough so that none of that should get in the way  ( 35 min )

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(Bloomberg) -- BlackBerry Ltd., wrapping up a strategic review of its options, plans to hold an initial public offering for the company’s Internet of Things division, separating the business from its main cybersecurity operations. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAlmost Anyone Can Become the House Speaker, Except Donald TrumpUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapFootball’s World Cup Is Coming to North Africa for First Ti  ( 32 min )

Looking for something to add to your Costco cart along with the 30 rolls of toilet paper? While not a typical outlet for the sale of precious metals, the members-only warehouse chain has seen its 1-ounce gold bars sell out faster than discounted 170-ounce jugs of laundry detergent. In a company earnings call last week, CFO Richard Galanti said the gold bars, sold exclusively online, are “typically gone within a few hours” of appearing on Costco's website — adding that there's a two-bar limit per member.  ( 34 min )

(Reuters) -Electric-vehicle maker Rivian Automotive on Wednesday said it plans to sell convertible green bonds worth $1.5 billion and forecast quarterly revenue to rise in line with estimates. Convertible bonds can be dilutive when converted into shares and are typically seen negatively by investors when issued. Rivian's bond will mature in October 2030 and investors will have the option to convert the bonds into cash or shares in the company, it said in a filing.  ( 32 min )

(Bloomberg) -- AT&T Inc. has begun to explore options for its 70% stake in DirecTV as it approaches the end of an agreement upon which it can legally sell its interest in America’s third-largest pay-TV provider.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapAlmost Anyone Can Become the House Speaker, Except Donald TrumpFootball’s World Cup Is Coming to North Africa for First TimeKevin McCarthy Ous  ( 33 min )

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BlackBerry said on Wednesday it would separate its Internet of Things (IoT) and cybersecurity business units into two separate entities. The company said the chief objective of the separation is to pursue a subsidiary initial public offering for the IoT business, targeted in the first half of the next fiscal year. BlackBerry, which transitioned to a cybersecurity and IoT software-maker, said in May that it was reviewing its business.  ( 31 min )

Société Générale's Edwards said that while some economists are expecting a soft landing his "view is that a recession still lurks.”  ( 35 min )

Exxon Mobil said on Wednesday big increases in oil, gas and fuel prices would deliver a third-quarter operating profit between $8.3 billion and $11.4 billion, below the year ago's record earnings but up from its second quarter. Exxon's snapshot of operating profits, delivered in a securities filing after the market close, signals a good quarter for oil companies on high oil prices and strong demand for gasoline and diesel. The largest U.S. oil producer posted total profit in the same quarter a year ago of $19.7 billion and $7.9 billion in its second quarter this year.  ( 32 min )

(Bloomberg) -- Losses on longer-dated Treasuries are beginning to rival some of the most notorious market meltdowns in US history.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsTech Giants Fuel End of Day Climb as Yields Slide: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsMcCarthy Ouster Means More Turmoil as Next Shutdown Fight LoomsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapBonds maturing in 10 years or m  ( 32 min )

When Rhonda Naus got a job inspecting Jeep Wranglers fresh off the assembly line, her paycheck added up to roughly half of what her co-workers were making. From office workers to delivery drivers, companies have become increasingly reliant on temporary workers. Tiers for the Detroit automakers were created starting in 2007 as the UAW tried to help them out of serious financial troubles.  ( 35 min )

The best CD rates available nationwide are three 6.00% offers from Credit Human and INOVA Federal Credit Union, as well as 5.76% from TotalDirectBank.  ( 21 min )

President Biden today wiped away an additional $9 billion in student debt. Since he took office, his administration has discharged $127 billion in student loan debt for more than 3.5 million borrowers.  ( 33 min )

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Nvidia's graphics chips have become a crucial ingredient in AI work, but someone needs to make the servers to run the chips. Enter Super Micro.  ( 22 min )

Carnival has regained some of its footing after the pandemic brought the cruise industry to its knees, and is looking to further increase growth as it pays down debt. But the cruise giant is feeling the pinch from soaring fuel prices.  ( 28 min )

(Bloomberg) -- The Keystone crude pipeline, a vital artery transporting Canadian oil to markets in the US and overseas, is operating at about half of its capacity after a brief disruption. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsGlobal Rout Takes a Breather as Traders Parse Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapMcCarthy Ouster Means More Turmoil  ( 32 min )

The Social Security Administration’s website lets you get an early look at how much your benefits will increase next year.  ( 32 min )

Bankman-Fried joined Jane Street Capital straight out of college, and made $300,000 in his first year.  ( 32 min )

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Shares of electric-vehicle maker Tesla are rallying Wednesday on no official news. It's likely bearish investors trying to manage their bets against Tesla stock.  ( 22 min )

Berkshire Hathaway Inc. Chairman and CEO Warren Buffett is immensely wealthy and notoriously frugal. His frugality isn't for personal gain. He has given billions to various charities and signed the Giving Pledge, affirming that over 99% of his fortune will be dedicated to philanthropic causes during his life or upon his passing. Microsoft Corp. Co-Founder Bill Gates, one of Buffett's close friends, recalls an incident in the 2017 annual letter posted on Gates Notes. During a trip to Hong Kong, t  ( 34 min )

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Might Musk be looking to buy back X's debt at a steep discount? It would be just the kind of swashbuckling coup he so relishes.  ( 38 min )

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Following the Federal Reserve's 11 interest rate hikes, many experts have expressed concerns about the impact of higher rates on the American economy. According to Bill Ackman, CEO of Pershing Square Capital Management, the economy is starting to slow. "I think the level of real interest rates is high enough to slow things down, you know, high mortgage rates, high car rates, high credit card rates, they're starting to really have an impact on the economy," he said in a recent CNBC interview. "Th  ( 34 min )

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President Biden is providing $9 billion in forgiveness for 125,000 borrowers as loan payments resume.  ( 28 min )

Billionaire investor and 'The Bond King' Jeffrey Gundlach says economic indicators are "strongly suggestive" of a recession in the first half of next year.  ( 32 min )

(Bloomberg) -- Stocks are recovering mildly Wednesday, but if they fall much further technicals suggest bulls could be in for some serious pain in the weeks ahead before indexes ultimately stabilize. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsAlmost Anyone Can Become the House Speaker, Except Donald TrumpUS Stocks Buoyed by Big Tech Gains as Yields Slide: Markets WrapOzempic Is Making People Buy Less Food, Walmart SaysFootball’s World Cup Is Coming to Nort  ( 33 min )

Rates on 30-year mortgages have jumped two days in a row, adding almost a third of a percentage point and setting a new 23-year high in 8% territory.  ( 19 min )

Citigroup has embarked on its biggest reorganization in decades, its managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off, according to a global memo to staff on Wednesday seen by Reuters. "Some roles will change, new roles may be created, and new roles that do not fit our new structure will be eliminated," Sara Wechter, the bank's chief human resources officer, wrote in the memo. Citi declined to comment on the global memo.  ( 32 min )

Americans remain sharply divided in their preferences for soft drinks, but in the quaint town of Quincy, Florida, the taste of Coca-Cola is undisputedly favored. This preference isn’t just about flavor but has deep roots in the town’s history and its rise of “Coca-Cola millionaires.” In 1919, Coca-Cola made its debut on the public market. Those fortunate enough to purchase a share at its initial price of $40 and continuously reinvest its dividends would be looking at a value of over $10 million  ( 33 min )

Expect lower oil demand in the fourth quarter.  ( 33 min )

There’s no one way of achieving success in the stock market and different strategies can be used to attain the basic goal: seeing big returns on an investment. Talking of big returns achieved via divergent styles, then we can look at the techniques used by legendary investors such as Warren Buffett and Ken Griffin. Both have had huge success but adhere to different tactics. Buffett made his reputation by favoring value investing, seeking out equities underappreciated at the time and then watchin  ( 36 min )

The index has dropped just over 8% from its intraday high of just over 4607, hit in late July.  ( 22 min )

Apple downgraded, Oddity upgraded: Wall Street's top analyst calls  ( 34 min )

Wall Street stocks got a respite from the bond rout as investors increasingly accept the idea that the era of low interest rates is ending.  ( 35 min )

Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. Apple launched its new iPhone 15 lineup last month, without raising prices, a move that some industry watchers said was in response to a global smartphone slump.  ( 32 min )

In January, the firm’s housing economists predicted mortgage rates would land at 6.5% by the end of this year. Now? Well, never mind. Goldman Sachs believes rates will run higher to around 7.1% by year end.  ( 33 min )

As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.  ( 32 min )

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Lithium Americas has split into two companies. Both are now trading on the Toronto and New York stock exchanges.  ( 22 min )

Investors are either increasingly unwilling or unable to finance a dysfunctional U.S. government, and this risks pushing borrowing costs for Americans higher.  ( 32 min )

U.S. crude futures are trading lower for the fourth time in five sessions, down 1.9% at $87.58 a barrel, which if maintained would be the lowest closing price since Sept. 11. News and events late yesterday and overnight were actually price supportive as Saudi Arabia reiterated its plan to keep a 1M  ( 11 min )

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Intel is preparing an initial public offering of its Programmable Solutions Group. It could be a multibillion-dollar boost for the chip maker.  ( 22 min )

Wall Street stocks got a respite from the bond rout as investors increasingly accept the idea that the era of low interest rates is ending.  ( 34 min )

The auto maker hopes it will be too good for the union to refuse. Meanwhile, GM has laid off more workers.  ( 22 min )

Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased. The rescue deal involving airline alliance Air France-KLM and private equity firms Castlelake and Lind Invest, which became investors alongside the Danish state, was presented late Tuesday. The deal means that SAS will receive $475 million in new equity and $700 million in convertible debt.  ( 33 min )

Millions of Americans rely on Social Security benefits for all, or a portion, of their retirement income. Up to 85% of Social Security benefits are subject to federal income tax, depending on your total household income. However, Fidelity recently presented options for taxpayers to reduce how much they pay in taxes on Social Security benefits. […] The post You May Be Paying Too Much in Taxes on Your Social Security Benefits. Here's How to Lower Them appeared first on SmartReads by SmartAsset.  ( 34 min )

(Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broke  ( 32 min )

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Apple's historically high premium to other tech stocks was cited by analysts at KeyBanc as a factor behind their downgrade of the stock to Sector Weight.  ( 22 min )

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(Bloomberg) -- It has been the US oil industry’s biggest environmental success story in recent years. Gas flares that once lit up the night skies were shut off, curbing a wasteful practice that generated millions of tons of planet-warming emissions. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely —  ( 36 min )

An unrelenting selloff in world government bond markets pushed U.S. 30-year Treasury yields to 5% for the first time since 2007 and Germany's 10-year borrowing costs to 3% on Wednesday, moves that could hasten a global economic slowdown. A growing sense that interest rates in major economies will stay higher for longer to contain inflation, ever resilient U.S. economic data and a sharp unwinding of traders' positions for a bond rally have hit hard. In the U.S. Treasury market -- considered the bedrock of the global financial system -- 10-year yields have soared almost 30 basis points (bps) to 4.8% this week alone, and are up almost 100 bps this year, having jumped over 200 bps in 2022.  ( 32 min )

Apple shares are downgraded at KeyBanc, Intel plans a spinoff of its programmable solutions business, and sales slump at Cal-Maine Foods as egg prices tumble.  ( 22 min )

As stocks sell off, Wall Street strategists believe all of the action is in reaction to rising Treasury yields.  ( 34 min )

(Bloomberg) -- President Joe Biden is canceling an additional $9 billion in student-loan debt, his latest action to aid borrowers after the Supreme Court blocked his debt-relief plan and as payments resume for millions of Americans.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAir  ( 31 min )

(Bloomberg) -- Australia’s richest woman has added to her stake in lithium miner Liontown Resources Ltd. for the fourth time in under a month, edging closer to a position that could block a A$6.6 billion ($4.2 billion) takeover by the world’s biggest producer of the metal.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Reces  ( 33 min )

The tides finally changed after Gary Wang and Nishad Singh (both FTX directors who have since pled guilty to fraud in the ongoing trial) joined the firm.  ( 31 min )

Oil prices fell ahead of a key OPEC meeting later, with Standard Chartered saying it is unlikely producers at the meeting will be less cautious around production due to uncertainties around the global economy and central-bank policy.  ( 25 min )

(Bloomberg) -- An accelerating selloff in US government bonds is starting to spread havoc across Asia’s financial markets, pushing up borrowing costs, spurring currency-market intervention and driving stocks toward a technical correction. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming  ( 34 min )

Sandoz made its market debut with a lower-than-expected valuation of 10.3 billion Swiss francs ($11.2 billion) on Wednesday, after the generic and biosimilar drugmaker was spun off from Swiss pharmaceutical company Novartis. Deutsche Bank had said Sandoz, which accounted for 11% of Novartis' group operating profit in 2022, would likely be valued at $11-$13 billion, while brokerage Berenberg had forecast $17-$26 billion. The shares, which opened at 24 Swiss francs, became members of the Swiss Performance Index and the Swiss Leader Index, among other stock market gauges, and American depositary receipts also started trading on Wednesday.  ( 32 min )

(Bloomberg) -- The historic ouster of Republican Kevin McCarthy as Speaker of the House may add to the risk of a US sovereign credit-rating downgrade and further roil markets, according to strategists. Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, I  ( 33 min )

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(Bloomberg) -- Oil steadied ahead of an OPEC+ review of the global crude market and a weekly update of US stockpiles.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.West Texas Intermediate was little changed above $89  ( 32 min )

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LONDON (Reuters) -Oil fell on Wednesday, as Saudi Arabia's announcement to continue crude output cuts to the end of 2023 was offset by demand fears stemming from macroeconomic headwinds. Brent crude oil futures were down 58 cents, or 0.64%, to $90.34 a barrel at 0841 GMT, while U.S. West Texas Intermediate crude (WTI) fell 66 cents, or 0.74%, to $88.57 per barrel. Oil prices remain under pressure from demand fears driven by macroeconomic headwinds.  ( 33 min )

De verkoop van nieuwe huizen is in het tweede kwartaal gehalveerd vergeleken met dezelfde periode een jaar eerder. Het is de grootste daling sinds statistiekbureau CBS in 2015 is begonnen met meten.  ( 9 min )

De zeven grootste supermarkten houden er meer groene praatjes op na dan daadwerkelijke acties. Wel timmeren Ekoplaza, Lidl en Albert Heijn het hardst aan de weg als het gaat om duurzame en eerlijke producten.  ( 10 min )

De reële loonstijging kwam in het vorige kwartaal uit op 3,4 procent. Dat is de grootste toename in tien jaar tijd, blijkt uit cijfers van statistiekbureau CBS.  ( 8 min )

De wens in de Tweede Kamer om de koopkracht volgend jaar wat extra te stutten, zijn naar beneden bijgesteld. Zo stijgen het minimumloon en de daaraan gekoppelde AOW volgend jaar met 1,2 procent in plaats van de eerder voorgestelde 1,7 procent.  ( 11 min )

Het Italiaanse modemerk Prada gaat ruimtepakken ontwerpen voor NASA-astronauten die in 2025 naar de maan gaan. Het bedrijf werkt hiervoor samen met het Amerikaanse ruimtevaartbedrijf Axiom Space.  ( 8 min )

Google heeft zijn nieuwe telefoons gepresenteerd: de Pixel 8 en de Pixel 8 Pro. De telefoons krijgen verbeterde camera's, verschillende AI-functies en updates tot 2030.  ( 10 min )

Er gloort hoop voor de vorige maand failliet verklaarde veerdienst Holland Norway Lines. Curator Hans Silvius onderhandelt met twee gegadigden, die volgens hem serieuze interesse hebben in een overname.  ( 8 min )

In Singapore moeten auto-eigenaren omgerekend zo'n 100.000 euro neerleggen voor alleen al een vergunning om een auto te mogen bezitten. Dat maakt het het duurste land ter wereld voor wie een auto wil kopen.  ( 8 min )

Een Britse hogesnelheidslijn die Londen moet verbinden met het noorden van het land komt er niet. Premier Rishi Sunak vindt de tientallen miljarden kostende verbinding te duur en wil het geld liever gebruiken voor andere projecten.  ( 9 min )

De nieuwe stickergenerator in Facebook Messenger kan uitgelokt worden tot het maken van schunnige stickers. Op het sociale netwerk X delen verschillende gebruikers van de berichtendienst creaties met bijvoorbeeld billen, borsten en wapens.  ( 3 min )

De koperprijs is gedaald naar het laagste niveau sinds eind mei en staat op zo'n 8.000 dollar (ruim 7.620 euro) per ton. In Londen is hij zelfs onder die grens gedoken. Door zorgen over de hogere rente en afzwakkende economie staat de koperprijs onder druk.  ( 3 min )

Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.  ( 3 min )

Een postzegel van PostNL kost vanaf 1 januari 1,09 euro. Dat is een stijging van bijna 8 procent. Volgens het bedrijf is deze verhoging nodig om de stijgende kosten te dekken.  ( 3 min )

Nederlanders consumeerden in 2022 gemiddeld 75 kilo vlees en vleeswaren per persoon. Hoewel de verschillen met het jaar daarvoor klein zijn, was het verbruik niet eerder zo klein sinds het wordt gemeten. Inflatie lijkt de oorzaak.  ( 3 min )

ING verhoogt op 15 oktober de rente voor particuliere spaarders naar 1,5 procent. Het gaat om de variabele spaarrente voor een spaarsaldo tot 10.000 euro. Nu krijgen de meeste klanten van de bank nog 1,25 procent rente.  ( 3 min )

De Tweede Kamer heeft plannen om de begroting voor volgend jaar flink te verbouwen, zodat de pijn van de gestegen prijzen iets wordt verzacht. De wensen tellen op tot ruim 4 miljard euro. Maar de voorstellen rammelen, waarschuwt het demissionaire kabinet.  ( 6 min )

ING verhoogt op 15 oktober de rente voor particuliere spaarders naar 1,5 procent. Het gaat om de variabele spaarrente voor een spaarsaldo tot 10.000 euro. Nu krijgen de meeste klanten van de bank nog 1,25 procent rente.  ( 3 min )

In gemeenten waar de milieustraat beperkte openingstijden heeft, belandt elektrisch afval wel tien keer vaker bij het huisvuil dan elders, ziet Stichting OPEN. Vooral apparaten met verborgen batterijen, zoals lichtgevende schoenen en vapers, belanden nog te vaak in de kliko.  ( 3 min )

Terwijl voedsel voor consumenten duurder werden in de eerste helft van 2023, zakten de prijzen van etenswaren voor voedselproducenten. In de afgelopen drie jaren is juist te zien dat producenten met grotere prijsstijgingen te maken kregen dan de consument.  ( 4 min )

Banken verdienen steeds meer geld aan sparen en lenen. De marge die ze overhouden aan het uitlenen van spaargeld is op het hoogste niveau in meer dan vijftien jaar tijd beland. Een belangrijke oorzaak is dat spaarders te weinig op zoek zijn naar hogere rentes.  ( 7 min )

PNC Bank on Tuesday took on $16.6 billion in capital commitments, mostly loans, held by Signature Bridge Bank, a bridge bank set up by federal regulators in March after the collapse of its namesake bank.  ( 1 min )

Krispy Kreme said it wants to sell its majority stake in Insomnia Cookies so it can focus on its main business of making and selling doughnuts.  ( 1 min )

After a rough first half of 2023 amid the regional banking crisis, Zions Bancorp (ZION) topped the list of S&P 500 returns in the third quarter, with shares up 30% since the start of July.  ( 1 min )

Tech giant Apple will now request app providers in its China App Store to prove they have a government listing, as Beijing tightens oversight.  ( 1 min )

WeWork shares fell to an all-time low Tuesday after the company said it wouldn't make interest payments due on $95 million in debt.  ( 1 min )

Entering its 18th day, the work stoppage is affecting operations across four Midwestern plants for the automakers, leading to the furlough of factory workers..  ( 1 min )

Meta reportedly weighs charging for ad-free versions of some of its social media platforms in Europe, and Ford and General Motors lay off more workers amid an ongoing strike. Here’s what investors need to know today.  ( 1 min )

Stock futures were falling in premarket trading Monday, pointing toward another difficult day for markets as bond yields continued to surge.  ( 1 min )

Stock markets sank at midday as bond yields continued their climb and a report on August job openings showed the number of positions available exceeded estimates.  ( 1 min )

The S&P 500 fell 1.4% on Tuesday, Oct. 3, after a Labor Department report showed higher-than-expected job openings and bond yields increased.  ( 1 min )

Many investors find it beneficial to include real estate investment trusts, or REITs, in their portfolios. These companies bring a suite of advantages that can’t be overlooked. To start with, they offer a sound way to buy exposure to real property, landholdings, without actually buying real estate. REITs are also known as champion dividend payers, as they’re required to distribute up to 90% of their taxable income to shareholders – and dividends make a convenient mode of compliance. For Wedbush  ( 35 min )

The chip maker says the unit that makes programmable chips for defense and telecommunications will eventually go public.  ( 29 min )

The 10-year at 4.801% on Tuesday offered the highest yield since August 2007, a few months before the 2009-09 financial crisis.  ( 22 min )

You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.  ( 21 min )

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Intel acquired the business when it bought Altera for $16.7 billion in 2015.  ( 22 min )

McMillan would join 3M as the financial chief of its healthcare business, which the U.S. industrial conglomerate plans to spin off into a listed company. 3M expects to complete the planned spinoff, which it disclosed last year, by the end of 2023.  ( 31 min )

Between the two of them, they worked six jobs including side gigs and full-time jobs all while networking and educating themselves on real estate.  ( 34 min )

(Bloomberg) -- The US stock selloff is spreading panic among volatility traders at a scale unseen since the regional bank crisis in March. In perverse Wall Street logic, that’s raising hopes that the equity rout is on its last legs.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonStocks, Bonds Sell Off as Volatility Makes Return: Markets WrapAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMor  ( 33 min )

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Soaring bond yields have made the stocks less appealing. Plus, the market expects investments for new power plants, aging infrastructures, and renewable technologies to cost more as interest rates stay higher for longer.  ( 33 min )

Chipmaker Intel said on Tuesday it plans to operate its Programmable Solutions Group as a standalone business starting January next year.  ( 30 min )

(Bloomberg) -- Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapKevin McCarthy Ousted as US House Speaker by Republican DissidentsWhy a US Recession Is St  ( 32 min )

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The Dow Jones Industrial Average and S&P 500 were down as investors shifted their money to bonds.  ( 33 min )

After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.  ( 20 min )

(Bloomberg) -- SAS AB chose Air France-KLM and private equity firm Castlelake LP to anchor a $1.18 billion investment in the bankrupt Scandinavian flag-carrier, ending a five-month chase for new capital.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonKevin McCarthy Ousted as US House Speaker by Republican DissidentsAirbnb Is Fundamentally Broken,  ( 33 min )

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Tesla is one of the most recognizable brands in the world. Not only is Tesla a leader in the electric vehicle (EV) space, but its CEO — Elon Musk — is a polarizing figure who continually finds himself in the public eye. The company started on July 1, 2003, and launched its first vehicle, the Roadster, in 2008. That was followed by the Model S in 2012, the Model X in 2015 and the Model 3 in 2017. Today, Tesla Inc. is the most valuable automaker in the world, thanks in large part to its 59% U.S. E  ( 33 min )

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The FTX founder is protesting CNA’s insurance policy as his legal woes cost him serious money.  ( 31 min )

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As Treasury yields continue climbing, the stock market seems to be taking a break. But according to CNBC's Jim Cramer, this pullback in stocks could represent an opportunity for investors. In a recent "Mad Money" segment, Cramer explained why rising Treasury yields have been causing problems for stocks. "Why own stocks when you can make north of 4.5% risk-free from the 10-year? Ten-year Treasuries are like a great dividend stock that's guaranteed not to lose money over the next decade," he said.  ( 33 min )

Amazon shares are down 15% over the last few weeks. Bulls see a buying opportunity ahead of earnings.  ( 22 min )

↗️ Netflix (NFLX): The streaming company's stock rose after The Wall Street Journal reported that it plans  ( 24 min )

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Shares of once-hot Vietnamese electric-vehicle maker VinFast are down about 5% Tuesday, a day after they tumbled 22% and dropped below their listing price. VinFast now trades at about $9.30, down from a peak above $80 hit in late August after heavy withdrawals by investors in the company's SPAC dea  ( 23 min )

In the classic tune by Kenny Rogers, ‘The Gambler,’ he sang, ‘Every hand’s a winner and every hand’s a loser…’ These words hold valuable wisdom that should resonate with every investor. Regardless of your chosen investment strategy, achieving success in the stock market ultimately hinges on mastering the art of balancing risk and reward. Few segments of the stock market offer a higher potential return for the risk involved than the penny stocks, those equities priced at $5 or less. These are sto  ( 36 min )

A New Jersey appeals court on Tuesday threw out a $223.8 million verdict against Johnson & Johnson in a trial over four plaintiffs' claims that they developed cancer from being exposed to the company's talc powder products. The Superior Court of New Jersey Appellate Division found that a lower court judge should not have allowed some of the scientific expert testimony the plaintiffs presented to jurors in the case. (Reporting By Brendan Pierson in New York; editing by Jonathan Oatis)  ( 31 min )

Drug maker Eli Lilly agreed to acquire radiopharmaceutical company Point Biopharma Global for $12.50 a share.  ( 22 min )

The Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.  ( 36 min )

Stocks fell at the Wall Street open on Tuesday, as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.  ( 34 min )

The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold. In the U.S. Treasury market, the bedrock of the global financial system, 10-year bond yields have shot up to 16-year highs. Because government borrowing costs influence everything from mortgage rates for homeowners to loan rates for corporates, there's plenty of reason for angst.  ( 33 min )

Here's how much of the prize you would take home after taxes and five ways to invest your windfall.  ( 32 min )

(Bloomberg) -- The US 30-year yield rose to the highest level since 2007, deepening a bond selloff driven by expectations the Federal Reserve will keep interest rates elevated as the supply of Treasury debt grows. Shorter-term yields also reached new highs.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week  ( 32 min )

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The seasonings maker's sales for the Asia-Pacific region declined 16% from last year.  ( 22 min )

The Russian rouble has faced volatility since the Ukraine war kicked off—now there's inflation, shrinking current account surplus and more to worry about.  ( 32 min )

An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.  ( 33 min )

Inheritance trusts take on critical importance in wealth management, particularly for multi-generational families. The term might come across as complex but in essence, inheritance trusts involve safeguarding assets while managing their distribution efficiently. Moreover, they provide potential tax benefits that can contribute significantly towards your family’s financial security. A financial advisor well-versed in this field […] The post How to Keep Money in the Family With an Inheritance Trus  ( 34 min )

(Bloomberg) -- Stocks fell and Treasuries resumed a retreat as investors grew increasingly worried about the long-term effects of historically high borrowing costs. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Key Taiwan Tech Firms Helping Huawei With China Chip PlantsJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey Sa  ( 33 min )

Property deeds are not just pieces of paper – they hold the power to impact your fiscal situation considerably. Property deeds are legal documents that provide proof of ownership. When you extend ownership rights by adding someone to your property deed, there are tax implications and potential risks associated with the transaction. A financial advisor […] The post What Are the Tax Consequences of Being Added to a Deed? appeared first on SmartReads by SmartAsset.  ( 34 min )

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Technology companies lost their momentum in September. Melius Research’s Ben Reitzes is bullish on two that could shine in the final quarter of the year.  ( 22 min )

Tesla quietly relaunches a rear-wheel-drive version of its popular Model Y car in the U.S. The car starts at $43,990. It's great for car buyers. Whether or not it's great for investors is tougher to say.  ( 22 min )

US stocks were little changed ahead of the bell on Tuesday, as investors weighed rising Treasury yields and reminders not to expect a Federal Reserve interest-rate cut any time soon.  ( 33 min )

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BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.  ( 33 min )

I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn't work and does not have a 401(k) plan. I wanted to open a Roth IRA but I read that I make too much money. What options do […] The post Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More? appeared first on SmartReads by SmartAsset.  ( 35 min )

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Jamie Dimon, CEO of JPMorgan Chase, says AI will allow people to work 3.5 day weeks in the future.  ( 34 min )

Microsoft’s CEO Nadella on search and AI at Google trial, Birkenstock presses forward with IPO despite gloomy conditions, and other news to start your day.  ( 22 min )

(Bloomberg) -- Chinese stocks listed in Hong Kong slumped as trading resumed after a holiday, hurt by a broad risk-off mood across the region and continued concern about the nation’s economic outlook.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Severe Crash Is Coming for US Office Properties, Survey SaysBig Tech Spared as Bon  ( 33 min )

(Reuters) -Britain's AstraZeneca has agreed to pay $425 million to settle about 11,000 lawsuits in the United States that claimed its heartburn drugs Nexium and Prilosec caused chronic kidney disease. AstraZeneca did not admit wrongdoing under the settlement, part of broader litigation against makers of a class of heartburn drugs called proton pump inhibitors (PPIs). "Today's settlements are a significant victory for the thousands of patients who suffered kidney injuries as a result of using" the drugs, the plaintiffs' attorney Chris Seeger said in a statement.  ( 32 min )

Companies have yet to provide investors with convincing post-pandemic strategies  ( 6 min )

(Bloomberg) -- BYD Co. is poised to overtake Tesla Inc. as the world’s biggest seller of electric vehicles as the Chinese automaker’s global sales push gains greater traction.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.JPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI Key Taiwan Tech Firms Helping Huawei With China Chip PlantsSevere Crash Is Coming for US Office Properties,  ( 33 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s stock has lost more value than any other in Asia since mid-June as investors brace for prolonged weakness in the chip sector. The rout may not be over. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Survey SaysJPMorgan’s Dimon Predicts 3.5-Day Work Week for Next Generation Thanks to AI The Secret Plo  ( 34 min )

Gold continued its slide on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood interest rates will stay high, with U.S. job openings data expected later in the day. FUNDAMENTALS * Spot gold was down 0.2% at $1,824.10 per ounce by 0057 GMT, falling for a seventh consecutive session to its lowest since March 9. U.S. gold futures fell 0.4% to $1,840.50.  ( 32 min )

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Boeing plans to push production of its bestselling 737 narrowbody jet to a record of at least 57 per month by July 2025, reflecting rising orders and the company's recovery after the 737 MAX crisis, according to two sources with knowledge of the matter. Both Boeing and its European rival Airbus have laid out ambitious ramp-up goals as air travel and aircraft sales rebound, with Airbus producing in-demand single aisle planes even faster than the U.S. planemaker. Boeing laid out the plan in the latest version of its master schedule for suppliers, which was reaffirmed by the planemaker in mid-September, the sources told Reuters on condition of anonymity because the document is not public.  ( 33 min )

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You now have more ways to earn a historically high CD rate of 6.00%, with a new 9-month option from INOVA Federal Credit Union. Credit Human also pays 6.00% for 12-17 months.  ( 19 min )

The house voted 216-210 to push McCarthy out of the role he's held for the past nine months after members of his own party took issue with how he handled the budget standoff last week.  ( 17 min )

The MBA Refinance Index is a weekly measurement put together by the Mortgage Bankers Association. The index helps to predict mortgage activity and loan prepayments.  ( 22 min )

Krispy Kreme said it wants to sell its majority stake in Insomnia Cookies so it can focus on its main business of making and selling doughnuts.  ( 17 min )

The S&P 500 fell 1.4% on Tuesday, Oct. 3, after a Labor Department report showed higher-than-expected job openings and bond yields increased.  ( 18 min )

It’s now up to the nine justices of the Supreme Court to decide whether the government’s consumer watchdog agency continues to exist.  ( 20 min )

WeWork shares fell to an all-time low Tuesday after the company said it wouldn't make interest payments due on $95 million in debt.  ( 17 min )

The harmonized sales tax is a hybrid of the Canadian goods and services tax and provincial sales tax applied to goods and services.  ( 24 min )

As buying a home becomes more unaffordable, people could turn to unexpected savings options like multi-family homes and robo-advisors.  ( 17 min )

After a rough first half of 2023 amid the regional banking crisis, Zions Bancorp (ZION) topped the list of S&P 500 returns in the third quarter, with shares up 30% since the start of July.  ( 19 min )

Tech giant Apple will now request app providers in its China App Store to prove they have a government listing, as Beijing tightens oversight.  ( 17 min )

The Trilemma theory posits that countries have three options for managing international monetary policy, but only one is achievable at a given time.  ( 22 min )

Can the U.S. government tighten its belt enough to dig itself out of debt? Here are options to reduce the national debt, beyond cutting spending and raising income taxes.  ( 22 min )

PNC Bank on Tuesday took on $16.6 billion in capital commitments, mostly loans, held by Signature Bridge Bank, a bridge bank set up by federal regulators in March after the collapse of its namesake bank.  ( 18 min )

After registering their biggest one-day drop in six months, 30-year mortgage rates have climbed higher, again nearing 8%. Movement was up for almost every loan type.  ( 19 min )

These companies have very little or no debt, which may be seen as a positive in today's economic environment.  ( 28 min )

TMRW Sports, founded by Tiger Woods and Rory McIlroy, and financial services company SoFi announced a partnership for a team golf league called TGL.  ( 17 min )

Estimates vary, but some put the U.S. underground economy between 6.4% and 12% of GDP.  ( 23 min )

Joseph Stiglitz is an American and New Keynesian economist. He is the winner of the 2001 Nobel Prize in economics for his research using information asymmetry.  ( 23 min )

Meta Platforms could soon roll out new ad-free subscription plans for Facebook and Instagram users in Europe as the tech giant works to avoid significant fines over privacy law violations.  ( 17 min )

Stock markets sank at midday as bond yields continued their climb and a report on August job openings showed the number of positions available exceeded estimates.  ( 16 min )

Learn more about Investopedia's Financial Review Board, who’s on it, and how articles on Investopedia are reviewed.  ( 26 min )

McCormick & Company shares fell to their lowest level since the start of the COVID-19 pandemic on slower Asia-Pacific region sales.  ( 17 min )

Roughly 13.9% of the population over 15 regularly provided unpaid care for someone 65 or older in 2021 and 2022—work that is roughly equivalent in value to the entire motor vehicle and parts industry’s gross domestic product.  ( 18 min )

Despite the economy slowing and facing the risk of recession, employers still want workers and plenty of them.  ( 17 min )

Entering its 18th day, the work stoppage is affecting operations across four Midwestern plants for the automakers, leading to the furlough of factory workers..  ( 18 min )

POINT Biopharma Global shares skyrocketed after Eli Lilly agreed to buy the radiopharmaceutical firm for $1.4 billion to expand its cancer-fighting treatments.  ( 17 min )

Personal loan rates edged up to 20.96% this week, adding 4 basis points since last week when the average personal loan rate stood at 20.92%.  ( 18 min )

Achieving equilibrium of prices in a single or multi-market setting involves a bidding process informed precisely by demand.  ( 22 min )

Meta reportedly weighs charging for ad-free versions of some of its social media platforms in Europe, and Ford and General Motors lay off more workers amid an ongoing strike. Here’s what investors need to know today.  ( 18 min )

Goizueta Business School is the business school located at Emory University in Atlanta, Georgia.  ( 23 min )

The high living standards and low-income disparity of Sweden, Norway, Finland, Denmark, and Iceland have captured the world’s attention.  ( 26 min )

De Scandinavische luchtvaartmaatschappij SAS komt deels in handen van Air France-KLM. Ook de Deense staat en twee investeringsmaatschappijen nemen een aandeel in de luchtvaartmaatschappij, maken de bedrijven dinsdag bekend.  ( 3 min )

Kelderende koersen, verdwenen miljarden en miljoenen gedupeerden. De ondergang van handelsplatform FTX vorig jaar zorgde voor een schok in cryptoland. De rechtszaak tegen oprichter en eigenaar Sam Bankman-Fried gaat vandaag van start.  ( 4 min )

Scheepsbouwer Damen eist compensatie van de Nederlandse overheid voor de financiële schade als gevolg van de sancties tegen Rusland. Het concern heeft een rechtszaak aangespannen, bevestigt Damen na berichtgeving van persbureau Bloomberg.  ( 3 min )

ING mag de rekening van Stichting Najiba niet opzeggen vanwege witwasregels, heeft de voorzieningenrechter in Amsterdam dinsdag besloten. De stichting was de afgelopen tijd bezig met het inzamelen van geld voor de slachtoffers van de aardbeving in Marokko.  ( 4 min )

Turken waren in september ruim 61 procent meer kwijt aan hun boodschappen en diensten dan een jaar eerder. Daarmee is de inflatie in Turkije verder opgelopen.  ( 3 min )

De Nederlandse belastingadviseur Frank B. is zondag door de Italiaanse politie uitgeleverd aan de Verenigde Staten en op een vliegtuig naar New York gezet.  ( 3 min )

De overheid gaat kinderopvang­organisaties compenseren voor de twee jaar dat zij hun elektrische bolderkarren van Stint niet mochten gebruiken.  ( 3 min )

Bij Geldmaat-automaten kun je vanaf vandaag geld opnemen zonder dat je een bankpas in de gleuf hoeft te steken. Dit contactloos pinnen kan ook met een mobiele telefoon of smartwatch.  ( 4 min )

Europeanen moeten mogelijk maandelijks 10 euro gaan betalen voor een advertentieloze versie van Facebook. Daar denkt moederbedrijf Meta over na, schrijft The Wall Street Journal. Het bedrijf zou de plannen aan Europese toezichthouders hebben voorgelegd.  ( 3 min )

De waarde van de roebel is dinsdag weer hard gedaald. Pogingen van de Russische centrale bank om de daling van de munt te stoppen lijken niet te helpen.  ( 3 min )

Voor het eerst krijgt een onderneming een boete voor het laten slingeren van afval in de ruimte. Communicatiebedrijf DISH heeft die bedenkelijke eer en moet 150.000 dollar betalen voor het niet opruimen van een satelliet.  ( 4 min )

Ambtenaren van de Belastingdienst maakten in een weekend in 2013 de overhaaste beslissing om het risicomodel dat tot de toeslagenaffaire leidde, in te voeren. Het zogenoemde risicoclassificatiemodel was daardoor onvoldoende getest. Dat blijkt uit verhoren door de parlementaire enquêtecommissie.  ( 5 min )

Het aantal horecazaken dat in de eerste jaarhelft de deuren heeft gesloten, was groter dan de afgelopen vijf jaren. Meer dan vierduizend ondernemers gooiden het bijltje erbij neer, blijkt uit cijfers van de Kamer van Koophandel (KVK). Ook het aantal faillissementen stijgt hard.  ( 5 min )

Discover shares surged after reaching a consent agreement with the FDIC over consumer compliance issues at the company's banking unit.  ( 1 min )

The United Auto Workers union reached a last-minute deal with Volvo-owned Mack Trucks, averting a strike.  ( 1 min )

Coinbase Global shares gained after the largest U.S. cryptocurrency exchange received a Major Payment Institution license from the Monetary Authority of Singapore, helping to expand its international reach.  ( 1 min )

Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the split.  ( 1 min )

Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.  ( 1 min )

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Do you love dividends? Of course you do — and rightly so! In a recent study conducted by Mike Wilson, the Chief Investment Officer at Morgan Stanley, the analysis focused on the performance of dividend-paying stocks compared to non-dividend-paying stocks since the year 2000. The historical data underscores a compelling trend: dividend-paying stocks consistently outperform non-dividend stocks over the medium to long term. That outperformance has even been more pronounced in times of uncertainty a  ( 36 min )

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The Chapter 11 filing of the ILWU dockworkers union dates back to a dispute over two electrician jobs in Oregon a decade ago. The post How a fight over 2 jobs bankrupted union of 40,000 dockworkers appeared first on FreightWaves.  ( 33 min )

Today's best CD rates are 6.00% from Credit Human for a take-your-pick term between 12 and 17 months, and 5.76% from TotalDirectBank for a 6-month CD term.  ( 20 min )

Monday was the first trading day under a new structure that splits the core North American cereal business away from snack brands such as Pringles.  ( 22 min )

Analysts see a chance that the highflying stock could suffer the same fate as Cisco Systems, which has yet to regain the peak it hit in 2000.  ( 22 min )

Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.  ( 21 min )

Kellogg divided into two separate, publicly traded companies, and shares of both fell in their first day of trading after the separation.  ( 17 min )

A U.S. Patent Office tribunal on Monday rejected challenges to two key patents owned by Novo Nordisk covering the active ingredient in its weight-loss and diabetes drugs Wegovy and Ozempic brought by a generic drugmaker that is hoping to sell generic versions of the blockbuster medications. The office's Patent Trial and Appeal Board denied the requests by Mylan Pharmaceuticals, which is owned by Viatris, to review the validity of the Wegovy and Ozempic patents.  ( 32 min )

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Unless Congress takes action, the lifetime estate and gift tax exemption will decrease significantly at the end of 2025. Donor-advisor funds, charitable remainder trusts, and SLATs can help reduce the impact.  ( 22 min )

Snap, crackle... drop. Shares of Kellanova, the Rice Krispies Treats company, fell Monday, finishing their first day of trading down about 6%. Shares of WK Kellogg, the Rice Krispies cereal company, fell 9%. The companies are the result of the separation of Kellogg into two companies—WK Kellogg us  ( 23 min )

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(Bloomberg) -- Microsoft Corp. was willing to hide its search engine’s “Bing” brand on Apple Inc. devices in order to secure an agreement with the iPhone maker and unseat Google, Chief Executive Officer Satya Nadella testified Monday.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayBond Selloff Batters Stocks, But Spares Big Tech: Markets WrapJ  ( 33 min )

Boeing stock dropped 14% in September. J.P. Morgan analyst Seth Seifman has a Buy on the stock and says its drop has made it more attractive.  ( 22 min )

Shares of utility NextEra Energy are heading for their largest one-day drop since the start of the pandemic as worries about higher interest rates continue to batter clean-energy stocks.  ( 23 min )

Earn up to 6.25% with one of these "cream of the crop" CDs, including a 6.00% option anyone in the country can open for a take-your-pick term of 12 to 17 months.  ( 18 min )

At age 99, Berkshire Hathaway Inc. Vice Chairman Charlie Munger has lived through significant events in history and witnessed numerous economic cycles. Despite his vast experience and candid nature, it's his perspective on optimism that stands out. Known for his sharp wit and incisive one-liners, Munger quips, "If I can be optimistic when I'm nearly dead, surely the rest of you can handle a little inflation." Trending: Until 2016 it was illegal for retail investors to invest in high-growth start  ( 34 min )

When the stock market was soaring, dividends of a few percent probably didn't seem like much. But in 2022 — when the benchmark S&P 500 tumbled nearly 20% — many investors learned the hard way that stocks don't always go up. In the unpredictable stock market, investors may find solace in the steady rhythm of dividends. With the right dividend stocks, investors can bypass the stress and uncertainty associated with attempting to time the market, all while benefiting from a passive income stream. Bu  ( 33 min )

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Steve Burns cashed out more than $60 million in stock in Lordstown Motors. Now he is buying its assets out of bankruptcy for $10 million. The post Lordstown Motors founder buys company assets out of bankruptcy appeared first on FreightWaves.  ( 33 min )

NVIDIA Corp. is one of the biggest names and most influential companies in artificial intelligence (AI), but many people have no idea what it does. They're more familiar with companies like OpenAI, Anthropic PBC and Multiverse. If you're wondering where NVIDIA fits into the AI landscape, take a look at a passage from the company's website: The recent breakthroughs in generative AI bring a new level of versatility and insights to the enterprise. Now, the world's most advanced AI platform — NVIDIA  ( 33 min )

The veteran market watcher wasn’t surprised by the market falling in August and September, in fact, he called it.  ( 33 min )

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Several of Bankman-Fried’s former colleagues and friends will testify against the one-time crypto mogul following plea deals they struck with the U.S. Department of Justice, including his former romantic partner Caroline Ellison and childhood friend Gary Wang, who were both deeply involved in the daily workings of both FTX and its quant-driven trading shop, Alameda Research. Another two individuals, who prosecutors have yet to publicly name, may testify if granted immunity, suggesting they may a  ( 36 min )

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The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy.  ( 33 min )

Oil is set to go lower after gaining 28% in the third quarter, according to Citi's commodity analysts.  ( 33 min )

McDonald's and Wendy's have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. In a decision on Saturday, U.S. District Judge Hector Gonzalez in Brooklyn found no proof that the fast-food chains delivered smaller burgers than advertised, or that the plaintiff Justin Chimienti had even seen ads for the McDonald's Big Mac and Wendy's Bourbon Bacon Cheeseburger he bought. Chimienti, a resident of Long Island's Suffolk County, said McDonald's and Wendy's ads depicted undercooked beef patties because meat shrinks 25% when cooked.  ( 32 min )

Tesla reported third quarter delivery figures that missed the mark, as scheduled downtime at some of its plants have shifted future production further into the fourth quarter.  ( 33 min )

The U.S. Supreme Court on Monday declined to hear a bid by Sony Music, Warner Music and other music publishers to hold the owner of Wolfgang's Vault directly liable for copyright infringement for recordings by rock greats such as the Rolling Stones and the Who posted on the online concert archive. The justices turned away an appeal by the music publishers of a lower court's decision that spared Bill Sagan, Wolfgang's Vault owner, of direct liability for copyright infringement.  ( 32 min )

Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows. The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock to follow the recent negative performance. This will be the first time these hedge funds will be net short equity markets since November 2022, the bank said.  ( 31 min )

(Bloomberg) -- Dental aligner company SmileDirectClub Inc. will spend about two months looking for a rescuer and will liquidate if no buyer emerges, according to court papers. Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Severe Crash Is Coming for US Office Properties, Investors SayOnce Unthinkable Bond Yields Now the New Normal for MarketsStocks Lose Footing as Treasury Yields Surge: Markets WrapThe  ( 32 min )

A day after surging into historic 8% territory, 30-year mortgage rates have plunged, registering their biggest one-day drop in more than 6 months.  ( 20 min )

Pitney Bowes President and CEO Marc Lautenbach had been at the center of a proxy fight with Hestia. The post Pitney Bowes president and CEO steps down appeared first on FreightWaves.  ( 32 min )

(Bloomberg) -- Federal Reserve Governor Michelle Bowman again said that multiple interest-rate hikes may be required to get inflation down to the central bank’s goal even after data for August showed some of the slowest price increases since 2020.Most Read from BloombergWhy a US Recession Is Still Likely — and Coming SoonSevere Crash Is Coming for US Office Properties, Investors SayAirbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.Once Unthinkable Bond Yields Now the New Normal fo  ( 32 min )

The bulls took hold of the stock market narrative at the start of the year, and charged ahead all the way into mid-summer, but since then the bears have been rather noisy. On the back of rising oil prices, fears of interest rates staying high for longer than hoped for, and the possible prospect of a recession still looming, the markets have been shaky and have been handing back prior gains. However, against a backdrop of a ‘Goldilocks economy,’ i.e., “not too hot, not too cold… just right,” bill  ( 36 min )

Rivian upgraded, SolarEdge downgraded: Wall Street's top analyst calls  ( 34 min )

Tesla has released its third quarter production and delivery figures, which suffered due to downtime in its Austin and Shanghai factories.  ( 17 min )

What you need to know about adding bonds to your portfolio as Treasury yields hover at 5%  ( 26 min )

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Evercore ISI analyst Chris McNally upgraded electric-truck maker Rivian to Buy from Hold. Deliveries were strong, too. Profit-takers may be at work.  ( 22 min )

The chip maker's stock has almost tripled in value this year but has moved sideways in recent months. Citi analysts say the shares could receive a new push in the first half of 2024.  ( 22 min )

For the first time in more than a year, the automaker’s global deliveries to customers fell quarter-over-quarter by 6.7%.  ( 27 min )

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Shares of Tesla are down in morning trading after Elon Musk's electric-vehicle company said global deliveries to customers fell quarter-over-quarter for the first time in more than a year. The slowing sales momentum during the third quarter came as Tesla took production offline for factory upgrades  ( 22 min )

The iconic Kellogg is now two separate companies. Here's why it happened.  ( 33 min )

The iconic Kellogg is now two separate companies. Here's why it happened.  ( 33 min )

Citi initiated coverage of Zions Bancorp and other regional banks, arguing that much of the sector’s bad news is already baked into their stock prices.  ( 22 min )

The bank has updated its Focus List, the compilation of its analysts' top ideas. These three shares could help a portfolio rebound.  ( 22 min )

Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell. The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. down nearly 7% from the preceding quarter.  ( 32 min )

The U.S. Justice Department's once-in-a-generation antitrust fight with Alphabet's Google gets some star power on Monday when Microsoft chief executive Satya Nadella takes the witness stand. The government is likely to ask Nadella about the obstacles posed by Google's dominance as Microsoft sought to grow Edge and Bing, its browser and search engine. The government has argued that Google, worth more than $1 trillion with some 90% of the search market, illegally paid $10 billion annually to smartphone makers like Apple and wireless carriers like AT&T and others to be the default search engine on their devices.  ( 32 min )